Euclid, OH 44123

$ 299,000

Business Opportunity3,302 ft²
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Property Info
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
Retiring sellers have drawn a line in the sand. TIME IS OF THE ESSENCE
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.

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Local Schools

School NameTypeDistanceGreatSchools Rating
Bellflower Elementary School
6655 Reynolds Rd, Mentor, OH 44060
(440) 255-4212
Ratings
Reviews
public
0.52 mi
Lake Catholic High School
6733 Reynolds Road, Mentor, OH 44060
(440) 578-1020
Ratings
Reviews
private
0.75 mi
McKinley Elementary School
1200 Lost Nation Rd, Willoughby, OH 44094
(440) 942-1525
Ratings
Reviews
public
0.92 mi
Lake Elementary School
7625 Pinehurst Dr, Mentor On The Lake, OH 44060
(440) 257-5953
Ratings
Reviews
public
1.56 mi
Fairfax Elementary School
6465 Curtiss Ct, Mentor, OH 44060
(440) 255-7223
Ratings
Reviews
public
1.76 mi
Grant Elementary School
38281 Hurricane Dr, Willoughby, OH 44094
(440) 942-5944
Ratings
Reviews
public
2.41 mi
Shore Middle School
5670 Hopkins Rd, Mentor, OH 44060
(440) 255-4444
Ratings
Reviews
public
2.46 mi
Eastlake Middle School
35972 Lake Shore Blvd, Eastlake, OH 44095
(440) 942-5696
Ratings
Reviews
public
2.47 mi
Mentor High School
6477 Center St, Mentor, OH 44060
(440) 974-5300
Ratings
Reviews
public
2.52 mi
Jefferson Elementary School
35980 Lake Shore Blvd, Eastlake, OH 44095
(440) 942-7244
Ratings
Reviews
public
2.54 mi
Orchard Hollow Elementary School
8700 Hendricks Rd, Mentor, OH 44060
(440) 257-5955
Ratings
Reviews
public
2.94 mi
Brentmoor Elementary School
7671 Johnnycake Ridge Rd, Mentor, OH 44060
(440) 255-7813
Ratings
Reviews
public
3.1 mi
Ridge Middle School
7860 Johnnycake Ridge Rd, Mentor, OH 44060
(440) 974-5400
Ratings
Reviews
public
3.14 mi
St Mary Of The Assumption School
8540 Mentor Avenue, Mentor, OH 44060
(440) 255-9781
Ratings
Reviews
private
3.24 mi
Garfield Elementary School
7090 Hopkins Rd, Mentor, OH 44060
(440) 255-6609
Ratings
Reviews
public
3.55 mi
Memorial Middle School
8979 Mentor Ave, Mentor, OH 44060
(440) 974-2250
Ratings
Reviews
public
3.6 mi
Willoughby-Eastlake Tech Cente
25 Public Sq, Willoughby, OH 44094
(440) 946-7085
Ratings
Reviews
public
3.76 mi
Washington Elementary School
503 Vegas Dr, Eastlake, OH 44095
(440) 975-3710
Ratings
Reviews
public
3.9 mi
Andrews Osborne Academy
38588 Mentor Avenue, Willoughby, OH 44094
(440) 942-3600
Ratings
Reviews
private
3.98 mi
Hopkins Elementary School
7565 Hopkins Rd, Mentor, OH 44060
(440) 255-6179
Ratings
Reviews
public
4.15 mi
Willo-Hill Christian School
4200 State Route 306, Willoughby, OH 44094
(440) 951-5391
Ratings
Reviews
private
4.19 mi
St Mary Magdalene/St Justin Martyr School
35741 Stevens Boulevard, Eastlake, OH 44095
(440) 946-5414
Ratings
Reviews
private
4.19 mi
Longfellow Elementary School
35200 Stevens Blvd, Eastlake, OH 44095
(440) 975-3720
Ratings
Reviews
public
4.36 mi
Immaculate Conception School
37940 Euclid Ave, Willoughby, OH 44094
(440) 942-2121
Ratings
Reviews
private
4.39 mi
North High School
34041 Stevens Blvd, Eastlake, OH 44095
(440) 975-3666
Ratings
Reviews
public
4.47 mi
GreatSchools
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