Euclid, OH 44123
Back to Website: paniniseuclid.IsForSale.com
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Status:Active
Price:$ 299,000
Type:Business Opportunity
Size:3,302 ft²
Features
- Lease $8581 per Mo. 7.5 Yrs remain (2) 5 yr extension options
- License D5 Beer, Wine, Liquor, 2:30am & D6 Sunday Funday
- Bar Area 3302Sft
- Entertainment Area & Patio w Monster Projector
- Full Basement 2774 Sft
Remarks
ONE SHOT AT THIS EUCLID FRANCHISE, YOU WILL KICK YOURSELF IN THE @$$ IF YOU MISS IT!!!
SELLER FINANCING @ ASKING PRICE!!! CASH DISCOUNT!! SERIOUS INQUIRIES ONLY!!
PRIME LOCATION!!!!!
Owner Distribution SOLID!!!
-2021 Gross Sales: $936,346 Distribution $159,992= 17% not including salaries
-2022 Gross Sales: $900,136 Distribution $134,496= 14.9% not including salaries
-2023 Gross Sales: $1,026,383 Distribution $151,998= 14.8% not including salaries
-2024 Goss Sales: $890,157 Distribution Est $121,349= 13.6% not including salaries
Take over current lease 7.5 yrs remain w/ (2) 5 yr extension. Current rent $8400 month inc NNN.
2024 Gross $1,150,000 with limited hours.
2024 Takeout NET $247,832 AFTER uber, doordash, Grub split!!!
Slow January 2025 Income $67,000
Current hours of operation:
M-F 11-6:30
Sun 11-8
Increse the hours (required by franchise regardless) you should do $1,600,000 if you get after it $2,000,000
Get after it and show do the brand proud you could generate enough to get a new franchise and bank!!!!
Cooking equipment is old but functioning make money and upgrade!
2 POS Systems. Main is Aloha, upgrade recommended it doesn't integrate with third party takeout
Very rare opportunity to take on this turnkey lucrative business spanning 2 decades. This ship was run right and tight NEEDS NEW BLOOD! Currently an area franchise which can be continued by a qualified buyer or go independent! They managed to remain profitable through COVID by bolstering carry out and have maintained high levels to date.
Unsecured Business short term financing 5-7 year amortization personal qualification required!
Cleveland D5 liquor permit $32,000 including Docs & transfer.
