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Asking Price: $249,900

Classic 50's Style Diner with Car Hop & Outside Patio

Akron, OH
Summit County

A classic 50 style diner, car hop, nostalgic atmosphere, 2 bars, outside patio with food truck park set-up. Owner invested $800,000 in this nostalgic 50’s style diner remodeled with 2 bars, an outside patio, live music and care shows in season, classic burgers, liquor license, best burgers, hand spun milkshakes and new menu. The music, entertainment and car shows make this “the place to be.” Includes online ordering and delivery. Fresh food and sandwiches and a wide variety of hand spun shake flavors supports local farms and dairies. The owner went first class, top of the line equipment, kitchen, drive up and remodel. Well trained staff, beautiful 2,500 sq. ft. facility with favorable lease on 2 acres plot with high traffic and visibility. Gross revenue of $638,693, seller discretionary cash flow of $67,507, asking only $249,900. If you have been looking for a profitable, classy nostalgic build out, destination point, then check this one out! The information contained herein has been secured from the Seller. Sunbelt Business Brokers of Northern Ohio does not warrant or guarantee in any way whatsoever either the accuracy or the correctness of the information or any assumptions or inferences there from. Buyer should conduct his or her own diligence before buying. This information is subject to change without notice.

Cash Flow $67,507
Revenue $638,693
$ Owner Financing Available

Asking Price: $14,950,000

Commercial Roofing with 16 Million in Backlog

Akron, OH
Summit County

After 30 years in business, this 100% commercial roofing company has over 16 million in backlog and does 70% maintenance work! Their team includes 25 administrative staff members and a combined 60 metal workers and craftsman. The business will use subcontractors on a rare and minimal scale for specialty work. Their client base spans over a 120-mile radius of Erie, PA and consists of exclusively commercial clients, which, coupled with their excellent reputation, has led to their customer pool being made up of 60% recurring clients. Having been open for over 30 years, this business and team have been able to acquire an excellent reputation with their clients and have established profitable partnerships in their community and surrounding areas which keeps word of mouth marketing effective all year round. Though the owner is active in oversight and management, he is willing to stay on for 2 years post-close to not only train & transition, but to help find and train his replacement if the buyer desires. With over $6 million of assets included in the purchase, new ownership can expect to continue this business’s ongoing growth pattern without investing excessive resources into expanding opportunities. They fully self-perform all labor and have an extensive staff and established chain of command.This area is well known for their requirements of union-based employees and businesses for construction or repair work. Thankfully, this business is well intertwined with local unions, and 75% of their current projects come from those established partnerships. While they do some public work with these ties, expanding their partnerships and open bids to include more municipal work would be a huge opportunity for growth. Other opportunities would include expanding into residential work or growing the new installation side of business as their current primary focus is maintenance and repair.Priced at $14,950,000 a 10% down payment of $1,495,000 returns $1,619,957 in the first year after debt payments. The current owner is selling as part of his retirement strategy.

Cash Flow $3,615,422
Revenue $17,541,382
$ Owner Financing Available

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