Esteemed Family-Owned Restaurant in Growth Area!

Listing Number: 60364-297910

Description

Offered for sale exclusively by Transworld Business Advisors of Canton is a renowned family-owned American diner with a rich history dating back to 1947, situated in a prime location in North Eastern Ohio. This beloved establishment boasts a loyal customer base, complemented by a dedicated and long-tenured team, ensuring unparalleled service and hospitality. The diner presents a warm and inviting atmosphere with seating for 140 patrons, catering to a mix of elderly customers and young families. Known for its signature American-style dishes, the business has upheld its tradition of excellence through consistent, delicious offerings. An ideal opportunity exists for growth through reintroduction of breakfast services, expanded operating hours, and strategic marketing initiatives. The business demonstrates a stable financial track record, with potential to enhance revenues and profitability. A smooth transition to new ownership is anticipated, supported by a committed seller willing to ensure continuity and success.

The restaurant industry, particularly in areas experiencing economic expansion, is poised for growth. According to industry insights, establishments like family-owned diners maintain a unique competitive edge by offering personalized service and locally favored cuisines. With a significant development, such as the nearby Shell cracker plant, the region anticipates increased demand for dining options, underscoring a positive outlook for this sector.

The business is situated on the threshold of a significant growth trajectory, fueled by the expanding local economy and a void in the full-service restaurant space in the area. There exists a tangible opportunity for the expansion of service offerings, including the reintroduction of breakfast menus and extension of operating hours to seven days a week, including holidays. Moreover, the introduction of a modest marketing plan to advertise these expanded services and special holiday hours could further elevate the diner's prominence and patronage.

The diner occupies a convenient, central location near major shopping destinations and is just a quarter mile off a major state route, combining the allure of rural charm with city accessibility. Spanning 2,900 sq ft on a 1.159-acre lot, with ample parking for guests, the property provides a comfortable and hospitable dining environment. The inclusion of property in the sale offer adds significant value, providing options for expansion or redevelopment. The current facility and its operational kitchen, despite requiring minor updates, are well-maintained and fully functional.

The current owners are looking to retire after decades of passionate operation and seek to pass on their legacy to an ambitious entrepreneur or a family keen to carry forward the tradition of excellence. The selling party is open to negotiating a non-compete agreement and is committed to a seamless transition.

For further information, please get in touch with us through this website. You must complete a Non-Disclosure Agreement before receiving any additional information. Financial information will only be provided after the initial phone interview with the Regional Business Broker assigned to this listing or screening. Images on this website are stock images and not actual images of the business. Due to the lack of competition for this company or specific unique listing details, the Broker has withheld the regional location to protect the Seller's confidentiality. Broker's agents, broker associates, employees, and affiliates have NOT verified any of the information provided here. Submitting your inquiry through this website grants Broker permission to add you to Broker's email subscription list.

Listing Details

• Price: $174,999
• Down Payment: $174,999
• Sellers Discretionary Earnings: $36,392
• Total Sales: $920,810
• Location: Mahoning County, Ohio


• Inventory: $0
• FF&E: $0
• Employees: 16
• Year Established: 1947
• Reason for Selling: Retirement
• Category: Restaurants