MergerPlace

Downtown Sioux Falls Restaurant for Sale

South Dakota (Minnehaha)


  • Asking Price: $189,000
  • Gross Income: $425,000
  • Cash Flow: $84,500
  • Real Estate: Not Disclosed
  • Inventory: $2,000
  • FF&E: $53,000
  • Listing ID: #205029
  • Established: 2015
  • Employees: 2 FT/ 3 PT

Business Description

Excellent opportunity to acquire a newly renovated restaurant in a great downtown location. Business currently has five employees, including a full-time manager. Last year, business did approximately $400k in gross sales, so good foundation from which to grow. New owner can choose to keep the current menu and beverage offerings, or change to better suit their vision.


Business Details

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

Company Information

Year Established: 2015
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT/ 3 PT

Financial Information

Asking Price: $189,000
Gross Revenue: $425,000
Cash Flow: $84,500
FF&E: $53,000
Inventory: $2,000
Seller Financing Available: No

Property Information

Facilities:

Business leases space in the heart of downtown Sioux Falls. Great location, newly renovated, quality lease in place.

Growth & expansion opportunities:

Profitable restaurant, with management and employees in place; new owner can change menu offerings to suit their vision. In addition, catering tends to be in demand downtown, as well as wine pairing with a meal, depending on the menu. A flourishing downtown Sioux Falls adds to the growth potential for this business.

Competition:

Plenty of indirect competition, but no direct competition downtown for the current food offerings of this restaurant.

Reason for selling:

Owner looking to focus on other business interests.

Support & Training:

Will train for 1 week @ no cost. Outside of the typical licenses needed for a restaurant, no special licenses or skills required.

Contact Business Seller

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Business Listed By:

Rey Gonzales

Murphy Business Brokers