Financial Information
Asking Price: $199,000
Annual Sales: $415,300
Seller's Discretionary Earnings: $82,850
Furniture, Fixtures & Equipment: $50,000
Inventory: $10,000
Additional Key Information
Location: Trumbull County, Ohio
Reason for Selling: New opportunities.
Business Summary
This well established very well kept tavern is located on a busy street corner in a downtown area of Trumbull County. It is part neighborhood pub and part late night stop for a wide variety of repeat customers. This bar has a long standing customer loyalty and history and has been located at this site for a long time. The owner does not want to finance but is motivated to sell to an enterprising buyer who can take the business to the next level. It not only has an indoor bar but it also has an outside patio area, with a separate adjoining bar with its own private entrance that is open year round and is another revenue generating attraction, especially in warmer months. It is almost like having two bars for the price of one! The almost absentee owner has owned the business for 15 years. He works in the business approximately 6 hours per week and manages it for his livelihood. Although he has earned a good living, he is ready to move on. This is the perfect opportunity to operate your own business, make money, develop the restaurant/patio business for growth, and have fun, all at the same time. The business has a kitchen but currently does not offer any food to attract more people and has limited hours of operation. A new owner is primed to make his/her mark on this business.