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Businesses For Sale   >>   Ohio Businesses For Sale Categories   >>   

Tavern & Ballroom Complex For Sale

Location  Ohio,United States
Asking Price Range  < $250K
Gross Revenues  $595000
Net Profit / Cash Flow  $75000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1972
Number of Employees  10 - 19
Inventory  18000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  Yes
Reason for Sale  Other business interests
Description  This tavern and ballroom complex actually closed for business on November 30, 2012. It is for sale for $60,000. This has been a well-known Northern Kentucky landmark with recent sales as high as $745,000. It has been in business for over 40 years. It is located 5 minutes from downtown Cincinnati. This entertainment complex includes a tavern that seats 350 patrons. The tavern has a full service kitchen that serves everything from burgers to gourmet food. There are 2 private rooms for smaller gatherings that seat 50 each. In addition, there is a ballroom with high ceilings, a large dance floor and stage, and a full beautiful wooden bar that can seat 500 people. The space is excellent for weddings, corporate parties, benefits, and other special functions. Previous ownership has invested over $350,000 in the last 5 years. The business is perfect for someone looking for a food & liquor business with a solid base and tons of growth potential. A buyer who can effectively promote, manage, and operate an entertainment complex would be a perfect match to take this operation to the next level. Property is available for purchase as well. $60,000. Call Dan at 513/315-3006.
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