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Cuyahoga County, Ohio
Asking Price
$225,000
Revenue
Call/Email
Down
$225,000
Cash Flow
Call/Email
Name: Jack DiMatteo
Name
Jack DiMatteo
Year Established:
2016
Employees:
8
FE&E:
$30,000
Reason for sale:
Spend more time with family.
Lease Expiration:
07/31/2028
Lease Options:
$1,795
Listing Number:
67201-147636
Sales:
$360,721
Seller's Discretionary Earnings:
$124,851
Inventory:
$2,000
Posting ID:
ID tw:74751 / Listing Number 67201-147636
Business Category:
Restaurants
Keywords:
Transworld
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Cuyahoga County, Ohio
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This is an opportunity to acquire one of the region's most established independent breakfast and lunch restaurants. For more than six decades, the business has built an outstanding reputation for quality, consistency, and exceptional customer service, creating a loyal, multi-generational customer base that continues to support the restaurant year after year. The restaurant specializes in scratch-made breakfast and lunch favorites prepared using traditional recipes and high-quality ingredients. Customers appreciate the welcoming atmosphere, personalized service, and authentic dining experience that has become increasingly difficult to find in today's marketplace. The business generates consistent cash flow with approximately 60% of sales coming from takeout and 40% from dine-in service, providing a balanced operating model with multiple avenues for future expansion. The operation is fully equipped with an experienced staff, established supplier relationships, and proven systems, allowing a new owner to transition smoothly An energetic owner-operator or hospitality group will find numerous opportunities to increase revenue through expanded catering, third-party delivery, enhanced digital marketing, menu innovation, and extended operating hours. The real estate is separately owned and may also be available for purchase, providing long-term flexibility for a buyer seeking both the operating business and the underlying property. The current ownership has intentionally maintained a simple operating model, leaving several attractive growth opportunities available for the next owner. Opportunities include: Expand catering services to local businesses, schools, healthcare providers, and community organizations. Introduce third-party delivery platforms to capitalize on an already strong takeout business. Increase digital marketing through social media, local SEO, and targeted advertising. Reintroduce popular seasonal and specialty menu items while maintaining the restaurant's core offerings. Expand operating hours or introduce additional dayparts where appropriate. Develop online ordering, loyalty programs, and gift card initiatives. Pursue additional community partnerships and local events to further strengthen brand awareness. Because the restaurant already enjoys a loyal customer base and established reputation, many of these initiatives can be implemented with relatively modest capital investment. https://tworld.com/locations/Ohio/clevelandmetro/listings/Turnkey-Breakfast-Lunch-Restaurant-Established-Since1960s

Cuyahoga County, Ohio
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Rare opportunity to acquire a fully leased, income-producing commercial building in one of downtown Cleveland's most active and historically significant entertainment corridors. This two-story brick bar and lounge building offers 10,226 square feet of fully built-out hospitality space across two separate tenant floors, plus a full basement — all within a vibrant mixed-use urban district anchored by restaurants, bars, live entertainment venues, and a growing residential population. Both floors are leased under separate five-year NNN agreements, generating $156,000 in combined gross rental income in Year 1, with built-in annual escalations through 2029. Under the net lease structure, tenants are responsible for real estate taxes, insurance, utilities, and routine maintenance — creating a low-management, passive income profile for the buyer. The seller is currently completing renovations on the first floor, with the ground-floor bar and lounge concept on track to reopen within approximately 60 days. Renovation planning for the second-floor tenant space is also underway, with an opening timeline to be determined. Real estate included is listed and represented by Realty Professionals, a licensed Ohio real estate brokerage. Cooperation with qualified brokers will be considered. Realty Professionals serves as our designated real estate brokerage partner for business sale transactions involving real estate. The same strict confidentiality and private marketing standards applicable to the business sale will also apply to the real estate component of the transaction. This offering is listed through business brokerage channels with full confidentiality protections in place. Prospective buyers are required to execute a Non-Disclosure Agreement, complete a buyer profile, and engage directly with the listing broker before receiving detailed financial disclosures, tenant information, or specific property identification. The listing price reflects primarily the real estate value. This property offers several concrete avenues for a new owner to grow income and build value over time: Built-In Rent Escalations. Both NNN leases include annual rent increases of $1,200 per tenant per year, stepping from $78,000 per tenant in Year 1 to $82,800 per tenant in Year 5. Combined, the leases are structured to reach $165,600 in annual gross income by 2029 — a built-in 6.2% cumulative rent increase with no additional effort required from ownership. Second-Floor Activation. The second-floor tenant space is still in the pre-opening renovation phase. A buyer with the resources to accelerate that buildout would unlock the full combined income potential of both levels operating simultaneously — a scenario not yet reflected in current financials. Exterior Signage Revenue. Both leases reserve the landlord's right to lease exterior building walls for billboard advertising. In a high-traffic urban entertainment corridor, this right could generate meaningful supplemental income at the landlord's discretion. Basement Utilization. The full unfinished basement — not included in either current lease — offers additional square footage that could be used for storage leasing, mechanical purposes, or future buildout at a buyer's election. Market Appreciation. The surrounding district continues to attract new residential, hospitality, and mixed-use development. Vacancy rates in the immediate submarket are exceptionally tight, reflecting strong demand for limited supply. As the district's density and entertainment profile continue to grow, the underlying value of a well-located historic brick asset is expected to appreciate accordingly. https://tworld.com/locations/Ohio/clevelandmetro/listings/NNN-Bar-Lounge-Building-—-156K-Annual-Income-Downtown-CLE

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Cuyahoga County, Ohio
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Cuyahoga County, Ohio
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Cuyahoga County, Ohio
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