Want to Buy a Restaurant in Columbus? Here are 8 For Sale
Restaurants and bars are constantly opening, closing, expanding, changing ownership and transforming. The constant cycle is what keeps the dining scene interesting in Columbus, and allows for new opportunities for those interested in entrepreneurship to get involved.
Local business broker Randy Sokol of Sokol & Associations is well known for their involvement with restaurant transactions, and a quick look at the company’s listings reveals a wide variety of businesses currently for sale. Sokol says that the large number for sale isn’t reflective of a larger economic issue.
“I think the restaurant / bar scene in Columbus is pretty strong at this time,” he stated. “Not only are local operators opening restaurants, we have restaurant owners from other cities, that are bringing their operations to town.”
Sokol said that the current list of restaurants and bars is pretty consistent in size with what has been on the market in recent years.
“This list for sale is no bigger than it has been for the last five years,” he added. “One must remember that there are many reasons that restaurants close up or sell, not just because of lack of business.”
If you’re in the market for a restaurant business to buy, here’s eight that may pique your interest:
AJ’s Cafe (Downtown) – This restaurant/deli/convenience store located at State and Third only opened a little over a year ago, but the current owners now have it listed for sale. Asking price is $59,000. CLICK HERE for details.
Currito (University District) – This Cincinnati-based burrito business only has one Columbus location, which opened in 2013, and is now listed for sale. The 2500 square foot restaurant includes a lot of recent upgrades. Asking price is $199,000. CLICK HERE for details.
39 Below FroYo (Gay Street) – This Downtown frozen yogurt and sandwich shop opened in 2012 and is now listed as being for sale. The small 1500 square foot space includes equipment and an outdoor patio. Asking price is $59,000. CLICK HERE for details.
Greek Street Tavern (Kingsdale) – This Upper Arlington restaurant opened at Kingsdale in 2011 and the owner is retiring and moving out of state. The 2,000 square foot restaurant is listed at $139,500. CLICK HERE for details.
Callander Cleaners (Short North) – This dry cleaning business was announced about a year ago as being considered for a restaurant conversion. That has yet to happen, but the location is still being listed as leasable for a retail or restaurant spot. Asking price is $30 per square foot. CLICK HERE for details.
Viking Growl & Tap Room (King Avenue) – This Short North staple isn’t quite a restaurant, but in addition to being a long-time carry out business, also features a patio, growler fill stations and can host food trucks on premises. Asking price is $189,000. CLICK HERE for details.
Long Street Complex (Downtown) – This massive (10,000 square feet) multi-venue entertainment complex has hosted a number of bars and nightclubs over the years, and is being sold as a space ripe for a potential new restaurant use. The location is very central, but the building does sit next door to a condemned parking garage. Asking price is $129,000. CLICK HERE for details.
Wings & More (Old North Columbus) – The stretch of Summit Street that is home to Wild Goose and Rumba Cafe is looking for another business to join the fold. The small 1500 square foot spot home to Wings & More is for sale. Asking price is $59,000. CLICK HERE for details.