MergerPlace

Profitable, Established, Popular,

Iowa (Linn)


  • Asking Price: $379,000
  • Gross Income: $776,743
  • Cash Flow: $167,549
  • Real Estate: Not Disclosed
  • Inventory: $10,000
  • FF&E: $75,000
  • Listing ID: #209768
  • Established: 1992
  • Employees: 2 FT / 16 PT

Business Description

Lucrative, established, Middle American restaurant with iconic local brand. This popular lunch & dinner establishment offers large entire portion options suitable to share and reputation for reasonable price with fast, friendly service.

This presents a rare opportunity to own your own well-established, successful company as an owner operator that wants to make a very good living. This business is a quintessential Iowa eatery offering traditional, hearty and mouthwatering all-American meals. The tasty food and reputation are evident by excellent ratings and reviews on TripAdvisor, Yelp & Google. It is a standard, a favorite of many, popular with locals, travelers and area natives craving the unique experience during homecomings.

In addition to the recognized brand, the successful buyer can benefit from effective systems, loyal following, well-maintained furniture and equipment in place, and dedicated, skilled team including attentive, friendly servers.

Confidentiality nondisclosure agreement required.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Iowa
County: Linn

Company Information

Year Established: 1992
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT / 16 PT

Financial Information

Asking Price: $379,000
Gross Revenue: $776,743
Cash Flow: $167,549
FF&E: $75,000
Inventory: $10,000
Seller Financing Available: Yes

Property Information

Facilities:

This homey place is an informal establishment. The Real Estate is owned by the seller and offered for lease to their successor or available for purchase at a price of $225,000. The building is ideal for this type of business with adequate parking, good visibility, decent traffic count, several nearby residences and is conveniently located with easy access near major highway and a recreation area.

Growth & expansion opportunities:

The ultimate buyer might enhance revenue by adding outdoor seating area, adding breakfast or brunch, adding Sunday hours, promoting catering, promoting carry-out, adding delivery options, supplementing the menu and additional advertising. The company’s strong customer base, proven capabilities and outstanding reputation present strong platforms to increase market share and revenue through the investment of time, attention and capital in human resources, marketing, and working capital.

Competition:

Limited direct competition in immediate area.

Reason for selling:

Other business interests.

Support & Training:

Willl train for 1 weeks @ $0 cost. The straight-forward, American menu features sandwiches and Midwest classics. Plus, the diner serves appetizers, soups, salads and other sides, deserts, shakes and even bottled and draft, domestic beer and other alcoholic beverages. The format is family-friendly with kids’ menu. Patrons order and pay at the counter, enjoy self-serve fountain drink and seat themselves. The business provides dine-in or take-out and is known for good food and good company. The seller is active, hands-on and responsible for all facets of management and operations. The trusted team in place allows for the owner to take time away from the restaurant.

Contact Business Seller

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Business Listed By:

Brian Brown

Murphy Business Brokers