11609 Detroit Rd, Cleveland, OH 44102
Back to Website: BrothersLounge.IsForSale.com
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Status:Active
Price:$ 350,000
Type:Restaurant
Size:8,133 ft²
Features
- Sale or Lease Seller Financing AVAILABLE
- License D1 Beer, D2 Wine,D3 Liquor, D3a 2:30am & D6 Sunday Funday
- Main Bar Area 1238 Sft,Wine Bar Area w/Stage 1238
- Music Hall 1656 Sft
- Full Basement 4000 Sft
Remarks
DISCRETION REQUIRED DO NOT APPROACH
EMPLOYEES DIRECT ALL QUESTIONS TO BROKER!
Finance terms:
$350k price(incl Inventory)
$150k Down
$200k note @ 8.5%, 3 yr Balloon, 20 Yr Amortization,
$1750 per mo NO Payment for 1 yr
$6000 Flat rent 1 yr, 2nd yr $7500 nnn, 3+ Market nnn
***Price based on assets, base sales and Value Add..***
Property for sale $1.450,000 2 large studio Apartments. Possible 3rd Aprtment.
fully equipped kitchen 10-12 ft hood
Music Hall fully equipped with professional sound equipment & large video screen for any kind of broadcast!
7 total bathrooms for the bar, hall and second floor speakeasy
2024 Gross $1,032,086
4000Sft Full Functioning Basement: 4 top notch Bathrooms, Office, Green Room, Prep, Walk-in coolers, Employee lockers, Utilities.
Second Floor Speakeasy. Could easily be converted to large 3rd apartment.
Employees: 26
13 Bartenders, 6 Kitchen, 3 sound tech, 2 Door, 1 entertainment, 1 Gm
Unsecured Business short term financing 5-7 year amortization personal qualification required!
Cleveland D5 liquor permit $32,000 including Docs & transfer.
