MergerPlace

Well Established Fast Casual Eatery

South Dakota (Minnehaha)


  • Asking Price: $369,000
  • Gross Income: $961,620
  • Cash Flow: $140,586
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $77,000
  • Listing ID: #205824
  • Established: 2003
  • Employees: 9 FT/ 9 PT

Business Description

Excellent opportunity to own an established, profitable eatery in a growing city. The business serves all three meals and has become a staple in the community for fast casual, fresh offerings. A new owner can choose to expand the menu and possibly explore a change of concept. The business has a large and successful loyalty program among its customers, with participants numbering almost 15,000 and growing. In addition, the business has a full-time manager, so a new owner can choose how much they'd like to be involved.


Business Details

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

Company Information

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

Financial Information

Asking Price: $369,000
Gross Revenue: $961,620
Cash Flow: $140,586
FF&E: $77,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

The business leases approximately 3200 square feet in a high traffic strip mall. The location has excellent visibility and parking. The business has been in this same location since it started fifteen years ago.

Growth & expansion opportunities:

Good potential for growth through an increase in catering, an introduction of new menu items, and possibly items better suited to a dinner crowd. Possibility of a new owner being able to change the concept/vision of the business and menu.

Competition:

As is common in the restaurant industry, there's plenty of competition, both direct and indirect. However, over the last fifteen years, this business has built a large customer base and become known as a gathering place for breakfast, lunch and dinner.

Reason for selling:

Owner would like to retire.

Support & Training:

Will train for 3 weeks @ no cost. Outside of the usual State, Federal, and Dept of Health licenses, no special skills or additional licenses required.

Contact Business Seller

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Business Listed By:

Rey Gonzales

Murphy Business Brokers