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Asking Price: $275,000

Downtown Casually Sophisticated Restaurant/Bar

Not Disclosed, OH
Stark County

Celebrating its two-decade milestone, the business stands as a distinguished establishment, historically achieving revenues exceeding $1,700,000. It is a full-service restaurant and bar, serving American pub classic dishes, with a stone-hearth pizza oven and daily features. The business has extensive experience in dining and banquet service of up to 100, all in a warm and unique atmosphere. Strategically poised to underscore both reasonable menu pricing and an elevated culinary selection through 2025.Revenue streams for the business are derived from the sale of diverse food offerings and a range of beverages, encompassing both alcoholic and non-alcoholic options. The establishment has carved out a distinct niche by cultivating a unique classic ambiance, offering versatile banquet facilities capable of accommodating gatherings of various sizes and presenting a menu that reflects diversity and innovation. There are significant growth opportunities, including the expansion of operating hours, the introduction of weekend brunch/lunch options, and the expansion of marketing strategies.With current ownership projecting a growth trajectory towards revenues of $1,800,000 within the next three years, the business has evolved into a cornerstone of its Downtown surroundings, reflecting a commitment to service and community.Full-service restaurants are threatened by growing number of competitorsIncreasingly time-strapped working Americans don't have time to sit down at full-service restaurants. Therefore, fast-casual restaurants that offer higher-quality food and ambiance have become more popular because they provide convenient, gourmet food at an affordable price.Since the price of many foods has increased, more consumers have returned to home-cooked meals and dining out less often. Simultaneously, many consumers have sought revamped, healthier menus offered by online meal subscription deals, food at supermarkets and traditional quick-service establishments.Prepared food in supermarkets has become ubiquitous in major metropolitan areas. Besides, meal-delivery services, which capitalize on leaving consumers responsible for final preparation, have also challenged the industry.- A growing interest in localized food has supported the industry- According to a Yelp review, Americans increasingly prefer independent restaurants over chain enterprises.- Consumers prefer to patronize local establishments oriented around a single chef or singular concept than large, homogenous chains with traditional menu and decor concepts.- Consumers are increasingly health-conscious and environmentally conscious, leading to an increase in farm-to-table restaurants nationwide.- Due to these trends, restaurants have expanded the number of healthy options on their menus and sourced more ingredients from local providers.- For many restaurants, the health factor has become a key focus of their marketing strategy, enabling them to target a new market segment and renew interest in their products.Situated strategically in the heart of a downtown center, this business benefits from a central location and offers convenient parking facilities, thereby enhancing accessibility for patrons seeking a sophisticated culinary experience. The fusion of historical charm and contemporary convenience underscores the restaurant's commitment to providing a seamless and elevated dining atmosphere.The versatile facility is adept at hosting events and banquets, with the capacity to accommodate over 100 guests. The thoughtfully designed and inviting environment aligns with the restaurant's dedication to providing a memorable and enjoyable dining experience. This comprehensive approach underscores the business's commitment to operational excellence, establishing it as a prominent destination in the dynamic environment.There is the option to purchase the real estate if desired, otherwise, a lease agreement will be discussed during due diligence.

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Cash Flow $121,744
Revenue $1,441,818

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