Upscale Bar & Lounge with Entertainment and Outdoor Patio in Cleveland's Entertainment District - Owner Financing Available
Financial Details
- Asking Price:
- $2,250,000
- Annual Revenue:
- $1,609,283
- Cash Flow / SDE:
- $484,443
- Profit Metric:
- Cash Flow
- Valuation Multiple:
- 4.6x
- Location:
- Cleveland, OH, US
- Source:
- Date:
- October 07, 2025
Key Highlights
Description
This listing presents a premier Bar & Lounge with Entertainment and an Outdoor Patio, located in Cleveland's highly sought-after entertainment district. Established in 2010, the business has demonstrated consistent growth, generating annual revenues between $1.6M and $2M+. It boasts a stylish ambiance, a strong brand presence, and a loyal customer base that includes local celebrities and professional athletes, further enhanced by its approval from major sports leagues like the NBA and NFL. The business offers significant growth potential through menu expansion, increased event hosting, and strategic marketing. Owner financing is available, with terms including $750,000 financed at 6% interest over 72 months. The property is leased, and the owner is willing to provide training and assistance during the transition. This is a rare opportunity to acquire a high-performing nightlife destination in a dynamic market.
Industry Information
- Industry Description:
- Food & Beverage: Bars, Clubs, Nightspots
- Classification:
- Restaurants & Food
Operational Snapshot
- Year Established:
- 2010
- Employees:
- 33
- Reason for Selling:
- Other Ventures
Real Estate & Lease
- Status:
- Leased
Assets & Inventory
- FF&E Value:
- $125,000 USD
- Includes FF&E:
- Yes
Broker Contact
- Name:
- Gary Sardon
- Company:
- Transworld Business Advisors of Cleveland-Metro / Akron / Canton
- Email:
- [email protected]
- Phone:
- 440-634-0747
Listing Details
- Listing ID:
- 806f70e9-67ea-47fe-930b-6ed6b3df2539
- Source Listing ID:
- 990442
- Deal Status:
- For Sale
- Last Updated:
- October 07, 2025
- Currency:
- USD