This breakfast and lunch only, sit-down restaurant offers hearty fresh-cooked and tasty meals including omelets, biscuits and gravy, bacon and eggs, hamburgers, fries, sandwiches and more. Many customers have been coming to the restaurant since they were children. This local icon has multiple generations of regulars.
The business has operated in the same location since its founding. All built in restaurant equipment is included.
According to IBISWorld, the Single Location Full-Service Restaurants industry's growth is expected to recover over the five years to 2025 as consumers increase spending on discretionary purchases, such as meals outside the home. The growth rate will begin to accelerate during the outlook period as growth in consumer spending is forecast to strengthen.
According to IBISWorld, recent social trends such as busier lifestyles, heavier workloads and longer working hours, have helped boost demand for restaurant services and convenience food, as time-poor consumers seek to cut down cooking time and make better use of their spare time. Industry operators that are able to provide an efficient sit-down service may draw larger revenue as it enables them to provide a convenient service to time-sensitive individuals while increasing potential turnover. Also, restaurants have become more of a place for family get-togethers, special occasions and social meetings for cash-rich and time-poor consumers.
This family-owned business was founded in the early 1970's and has a loyal following, including through COVID 19. The business has provided a good income and lots of joy to the family over the years. However, the current owner has other business interests.
Will train for 4 weeks @ no cost An individual who is experienced in retail management, restaurant, hospitality, or related complementary customer-centric businesses is an ideal candidate to purchase this business. Additionally, prior management/supervisory experience, and a general business background would be very helpful. If you have management experience, and 20% of the purchase price in cash (or in your IRA or 401k) * for a down payment, this business could be yours. *Note: There is no need to withdraw any funds from your IRA or 401k to purchase a business. There are special financing programs available that allow your use of retirement funds without taking a taxable distribution. Please contact the Business Intermediary listed in this document for a personal introduction to these resources.