MergerPlace

Sucessful Butcher Shop & Restuarant

Kansas


  • Asking Price: $1,525,000
  • Gross Income: $2,613,328
  • Cash Flow: $528,659
  • Real Estate: $1,100,000
  • Inventory: $79,980
  • FF&E: $100,000
  • Listing ID: #210331
  • Established: 1960
  • Employees: 4 FT / 28 PT

Business Description

Very popular butcher shop that has been in the market for generations. This business also includes an awarded winning restaurant at the same location under the same roof. The two concepts promote one another allowing the consumer to sample the final product and the option to take a fresh cut home for the grill. The restaurant brings a steady flow of foot traffic. The business has evolved over several generations and is a well know destination but has not lost its sense of tradition. The new location and facility has produced additional awareness in the market and created diversification for the owner. Business hours could be extended from the current Monday through Saturday. Closed Sunday.


Business Details

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

Company Information

Year Established: 1960
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT / 28 PT

Financial Information

Asking Price: $1,525,000
Gross Revenue: $2,613,328
Cash Flow: $528,659
FF&E: $100,000
Inventory: $79,980
Real Estate: $1,100,000
Seller Financing Available: No

Property Information

Facilities:

The Real Estate is also owned by the seller and available for sale. A new owner has two options 1. Lease the location 10-year at approximately $11,225 per month NNN or 2. Purchase the Real Estate $1,100,000. If the Buyer is seeking bank funding, the additional purchase of Real Estate will have a positive effect on debt service for the entire purchase. Option 1 lease rate is included as an expense in the financials.

Growth & expansion opportunities:

The current owner has taken a very active roll in the company which has played a factor in the success. Recent expansions have created a number of additional opportunities. More than the owner cares to pursue. A team approach to management would enable the business to grow at a steady, controlled and efficient rate.

Competition:

Consumers shop larger retail chains for most groceries but will make a special trip to this destination for its quality and service.

Reason for selling:

Retirement. The Seller will provide transition training for up to 4 weeks on site plus 60 days consulting as needed by phone at no additional charge. Any additional assistance is subject to a mutually agreeable consulting agreement.

Support & Training:

Will train for 8 weeks @ $0 cost. The operation requires customers relation skills and ability to manage a staff. Meat cutting experience would be ideal. The current owner will work with a buyer to gain the skills and certifications necessary to operate.

Contact Business Seller

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Business Listed By:

Chris Kerth

Murphy Business Brokers