Businesses For Sale

  

Legendary Italian American Restaurant

This business was established over 80 years ago and it has become a fixture in the community. This restaurant serves steaks, seafood and fine Italian cuisine. Since the restaurant was purchased in the 70’s, it has been run by the same family. They have reached a point where they would like to retire. They have an excellent staff with many years of experience and strong customer loyalty. The business has averaged around a 10% growth rate for the last 3 years. The owners would prefer to sell the business and the property as a package deal. This has been pre-approved for an SBA loan, but it would depend on the strength of the potential buyer. The financial information below is the average for the last two years. The sales for 2019 were $840,000 and the recast cash flow was $185,000. If you are interested owning a very profitable and successful restaurant, this would be the perfect for you. 

Asking Price - $249,000 Sales - $801,000

FF&E - $35,000 Cash Flow- $153,000


Profitable Restaurant Bar & Grill in Canton Area

This well-established bar and grill has a perfect location in a cozy downtown area with very little competition. There is a second story deck that overlooks a river and bridge with seating for 40. In the summer, they have cornhole and jumbo Jenga for their patrons to play while enjoying dinner and an adult beverage. They are a family friendly casual dining restaurant that serves wraps, salads, steaks, ribs, gourmet burgers and more. They have 10 beers on tap and a full D-5 license. This restaurant has live music every Saturday night with local bands from Akron/Canton area and surrounding counties. This restaurant is closed on Sundays, so there is room for growth if opened 7 days a week or continue as is and enjoy a guaranteed one day off a week. The building is owned by the business owner and they are willing to sell or will offer a reasonable lease rate for the new owner. If you have dreamed of owning a restaurant, this is a perfect opportunity.

Asking Price: $249,000               Sales: $705,000

EBITDA: $110,000                 Cash Flow: $165,000   


 Akron Area Transportation Company

This company has been in business for over 20 years and has 6 dedicated routes in the Akron area. They have five full-time CDL drivers and they operate full-size tractor trailers for local business pick up and deliveries. There are opportunities to expand the business by acquiring routes for home pick up and deliveries with box trucks or vans. The company owns six tractors and lease their trailers from company they run the dedicated routes for. This is a steady business with opportunities to expand especially with Amazon recently adding a facility in the local market. 

Asking Price - $295,000          Sales - $535,000

FF&E - $129,000                        Cash Flow - $90,000

 

Direct Mail Marketing Company

This direct mail marketing company has been in business for over 25 years and has a well-established customer base.  They have never had a salesperson and all their business is word of mouth and referrals from happy customers. This company provides the following services: database management, CASS, NCOA, merge-purge, presorting Standard, Nonprofit, First Class mail, inkjet, inserting, digital printing and commercial print brokering. The client base is very diversified and includes the following: universities, government agencies, politicians, restaurants, car dealerships, manufacturers, trades, private schools, etc. This has been a very successful business for many years and owners are looking to retire. 

Asking Price: $249,000 Sales: $829,000

FF&E: $15,000 Cash Flow: $131,864 


Successful Pizza Franchise in Lake County

This pizza franchise has been in business for 18 years and has always been profitable. The owner has been absent from the business in the past 10 years and it has been run by the general manager. They have a very strong carry-out, residential delivery and commercial delivery business with a huge upside for the dine in business. This restaurant has many long-term loyal employees with a very strong customer base, which has been able to thrive in the competitive take-out and delivery business. The restaurant in located in a visible and busy shopping center on a main corridor. If you have dreamed of owning your own restaurant, this is perfect opportunity buy a business that is cash flowing from day one and very low risk. The cash flow will be explained after there is a signed NDA in place. 

Asking Price: $139,000               Sales: $513,000

FF&E:  $100,000                            Cash Flow: $59,000-$110,000                


Custom Manufacturing Company with Steady Growth

This company located in NE Ohio has been in business for 10 years and they have shown steady growth over the years. They are a custom manufacturer of vanities, bathtubs, window sills and showers using cultured marble. They use a combination of polyester resin and ground limestone to create beautiful products to fit any home or business. They have not done standard sizes because they have been growing their business with just the custom designs. The company could easily be expanded by offering more standard sizes for vanities and other types of uses. The manufacturing plant is not at full capacity now and they are running one shift. There is still room for growth on the first shift and can be expanded to two shifts when necessary to keep up with demand. This is a great opportunity for an entrepreneur who wants to own a manufacturing company with huge growth potential. 

Asking Price - $225,000               Cash Flow - $70,000

FF&E - $105,000                               Sales - $590,000 

  

Established & Profitable Glass Company

This profitable company specializes in production, sale and installation of residential and commercial/retail glazing products, tabletops, shower doors, storms and replacement windows and doors. The company’s list consists of apartment complexes, restaurant chains, convenience store chains, builders and government entities. The company has been in business since the 1940’s and current owner bought in 1986. This business has great upside potential for an entrepreneur who wants to expand their knowledge of the glass industry by building long term relationships with the current customer base and new customers. 

Asking Price: $99,000             Cash Flow: $78,000

FF&E: $43,000                              Sales: $225,000


Growing Landscaping Company - SOLD-3.21.20

This company was established in 2003 as a side business and was very manageable until the explosive growth in the last couple years.  It has become too large to run as a side business and the owner wants to simplify his life and focus on his career and family.  This business has about 80 lawn maintenance accounts and 50-55 snowplowing accounts.  In addition to the above services, they provide the following services like most landscapers:  spring and fall cleanup mulching, weeding beds, bush and tree trimming and small landscaping installations.  All their accounts are within 6 miles of their shop, which makes it easy and cost effective for the company.  This business can be sold with accounts only or the price below includes the equipment and account base.  Sales are up about 15% over last year and the profits are better too.  Below are the average sales and cash flow for the past two years.

Asking Price:  $69,000                                             Sales:            $122,000

FF&E:            $34,500                                                      Cash Flow:   $23,000


 Well Established and Profitable Landscaping Company-SOLD 4/1/20

This company was established in 2007 in the Greater Akron Area and they have a great reputation in the area. They offer a variety of services that includes snow removal, salting, lawn mowing, lawn fertilization, landscaping, core aeration, spring and fall clean up, tree trimming and tree removal. The business has grown by an average of 10% over the past two years and is looking to do about the same for 2019. This company services HOA’s, commercial and residential customers in a middle to middle upper-class area. This business can be sold with accounts only or the price below includes the equipment and account base. Below are the average sales and cash flow for the past three years. This business has been SBA pre-approved individual buyer or a business acquisition for a similar company in the industry. 

Asking Price:  $325,000          Sales:   $570,000

FF&E:            $160,000               EBITDA:    $128,504


  Convenience Store & Check Cashing Business  - SOLD 6/12/19

This Stark County convenience store has been in business since the 1960’s and has always been busy. They offer beer, wine, tobacco and all the usual convenience store items. They offer check cashing and have steady clientele every week. They have an ATM and the store has a strong reputation with steady sales and cash flow. The building can be leased or its available for purchase. The price excludes the inventory.  

Asking Price - $74,900            Cash Flow - $70,000

FF&E - $30,000                            Sales - $400,000


Akron Commercial & Residential Plumbing Service  ***SOLD 11.29.18***

 Well established plumbing service that has been in business in the Akron area for 40 years. This business has provided a good financial lifestyle for the owner for many years and is ready to retire and pass the business on. This is a plumbing service company that does service repair work only, no new construction. They service many of the large property companies in the Akron area. The owner manages three qualified plumbers and the owner is hands on as well. The business comes four vans and all the tools and equipment needed to operate the business. 

Asking Price: $275,000        Cash Flow: $115,500

FF&E: $50,000                        Sales: $400,000    

 


Brad Ruth
Business Transition Specialist
bruth@glbainc.com
330-524-8205

Brad Ruth

Business Transition Specialist

bruth@glbainc.com

330-524-8205