Business For Sale Listing 114396
Restaurant
Status as of Nov-21-2008 at 06:07 PM: Off The Market
Business Summary
This restaurant in northwestern Iowa has an excellent profit ratio and potential for additional growth. It serves steaks, pastas, seafood, burgers, sandwiches and other foods. The building contains a full service bar and a private room for receptions, meetings and parties. The restaurant also caters events. More than 90 percent of its customers regularly visit it, returning for the great food and pleasant atmosphere. The employees are hardworking, well trained and friendly. Most of the staff has been with the restaurant at least five years. Northwestern Iowa has few other nice steakhouses, and the nearest competitor is in a small town about eight miles away.
A new owner could easily expand the restaurant’s gross revenue by extending hours and days of operation. Currently, it is open five days a week during dinnertime. The restaurant is located in a 5,467 square foot building on a major highway that serves as the town’s main artery. The building contains a bar, two dining rooms and a full kitchen. The restaurant seats 300 people and has plenty of parking. The business is located in a community with a beautiful downtown, strong agricultural base and great school system.
At least one of the owners is willing to stay on as long as needed after the business sale to facilitate a smooth transition.
Categories
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Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand ($296,000) |
| Profits: |
Under $100 Thousand ($78,000) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Asking Price: |
Between $100 Thousand and $500 Thousand ($295,000) |
