E.V. Bishoff Company
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Featured Property
Restaurants/Bars/Event Space
FULLY EQUIPPED RESTAURANT
SPACE AVAILABLE
The E.V. Bishoff Company specializes in the site needs of the food and beverage industry. Our facilities have unlimited possibilities for an experienced bar, restaurant, night club or deli operator and feature high visibility for your exterior signage. Other amenities include attached garage, surface lot and on-street metered street parking, and 24-hour surveillance. Excellent restaurant locations are available in:
Our food and beverage operators in Columbus include Mitchell's Steakhouse in the Law & Finance Building, now part of the Ruth Crist's holdings, and Deli in the Alley in 33 N. Third Street Building.
Housed in the Diamond Building in Pittsburgh is Costanzo's, a family-owned business that has made its home in Pittsburgh for more than 50 years.
For those in need of event space, check out The Vault and the Peninsula in Columbus for your special occasion.
If you are interested in creative finance options or alternatives to get your restaurant up and running, we offer several different programs. They include:
TRADITIONAL PROGRAM
- Standard Fixed Rent Program:
Negotiate your best deal on rent and term and you’re in business.
REVENUE SPLIT PROGRAM
With Operators that have a demonstrated history of excellence in their field, we will consider operating with them under our Revenue Split Program. Our Program operates under the following basic terms and conditions:
Operator Qualifications:
- At least 5 years experience
- $100,000.00 net worth of liquid and/or unattached assets
- Demonstrated ability to fund or finance any and all capital improvements, inventory, and ongoing operations of the Food and Beverage operation
Rent:
In the Revenue Split Program, the rent becomes a variable expense, taking away the risk associated with a large, fixed monthly rent and will be calculated as follows
- A 20% of gross income for rent, which includes the administrative fee and marketing fees.
OPERATING ACCOUNTS
All gross income will flow through a stand-alone account managed by the landlord. On a regular basis, all operating funds, net of the above rent, will be electronically swept to the operating account maintained and managed by tenant.
MINIMUM QUARTERLY GROSS INCOME
A minimum quarterly gross income will be established between landlord and tenant representing that level of sales that both mutually agree must be maintained.
PARTIAL FUNDING
Under this Program, arrangements can be made for the partial funding for certain food and beverage-related activities including funding needed for restaurant alterations, liquor permits and equipment.