Upscale Restaurant and Lounge for Sale in Cleveland, Ohio
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Financial Details
- Asking Price:
- $400,000
- Annual Revenue:
- $1,500,000
- Cash Flow / SDE:
- $450,000
- Valuation Multiple:
- 0.9x
- Location:
- Cleveland, OH, US
- Source:
- Date:
- July 21, 2025
Key Highlights
- Upscale restaurant and lounge in Cleveland, Ohio with over $1,500,000 in annual sales.
- Features a spacious layout with a main area, patio, and upstairs dining, seating 225.
- Well-equipped with a loyal customer base and potential for revenue growth through extended hours and online services.
Description
An upscale restaurant and lounge in Cleveland, Ohio, is available for acquisition. The business boasts over $1,500,000 in annual sales and a profitable operation. The seller is retiring after 35 years. The restaurant features a 2400 SF main area, a 2400 SF patio, and a 1200 SF upstairs dining area, with a total seating capacity of 225. The business is well-equipped and has an excellent reputation with loyal customers. There is potential to increase revenue by extending business hours and utilizing internet ordering and catering.
Industry Information
- Industry Description:
- Restaurant
- Classification:
- Restaurants & Food
Listing Details
- Listing ID:
- 1145b6f7-bbcc-49ee-9c16-e6da522c4e7e
- Deal Status:
- For Sale
- Date Posted:
- July 20, 2025
- Last Updated:
- July 21, 2025
- Currency:
- USD
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