MergerPlace

Sioux Falls Area Family Restaurant

South Dakota


  • Asking Price: $280,000
  • Gross Income: $782,109
  • Cash Flow: $161,345
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $200,000
  • Listing ID: #196888
  • Established: 2003
  • Employees: 9 FT/ 12 PT

Business Description

This legendary Sioux Falls area based restaurant has been in operation 10+ years. Restaurant currently offers breakfast, lunch and dinner menu items. The business prides itself on offering high quality food with exceptional service. The owner(s) insist on providing innovative food items combined with a fun, lively and inviting atmosphere. Whether you want to relax in the beautiful dining room that surrounds you with local artwork, enjoy the weather on the new seasonal patio, take off with take-out, cater an event or work during a business breakfast, lunch or dinner this restaurant has something for everyone.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: South Dakota

Company Information

Year Established: 2003
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 9 FT/ 12 PT

Financial Information

Asking Price: $280,000
Gross Revenue: $782,109
Cash Flow: $161,345
FF&E: $200,000
Seller Financing Available: No

Property Information

Facilities:

The business owner currently leases the real estate. Parking capacity has been adequate for the demands of the business. The facility is in great shape and offers a very pleasing dining experience. The restaurant's foot print is just under 4,000 sq.ft. All FF&E will be included in a sale.

Growth & expansion opportunities:

As the population, in this market, continues to grow and the new owner(s) are community based operators - this restaurant's potential for growth remains strong. Operators creating strong "top of mind" awareness tend to be very successful.

Competition:

The current competition is strong. However in this market, restaurant operators tend to do great business as long as quality, service and cleanliness are maintained at or above customer expectations. This industry continues to grow along with the area population. Over all, the restaurant industry is strong in this market.

Reason for selling:

Owners would like to sell to spend more time with family and do some traveling.

Support & Training:

Will train for 2 weeks @ no cost. Restaurant experience would be a plus but, not required. In the event a buyer has no experience, as long as they are coach-able, trainable and don't try to "reinvent the wheel..." this concept can be learned within a reasonable amount of time. If you have experience and would like to introduce a new concept... this site can be transformed and the re-imaging budget kept under control. All though an operator would need to apply for some service industry licenses/permits - the skills can be taught to succeed in this industry.

Contact Business Seller

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Business Listed By:

Bryan Mulder

Murphy Business Brokers