MergerPlace

Well-Known, Full Service Restaurant

South Dakota


  • Asking Price: $265,000
  • Gross Income: $577,922
  • Cash Flow: $70,268
  • Real Estate: $135,000
  • Inventory: $1,820
  • FF&E: $42,000
  • Listing ID: #216744
  • Established: 1968
  • Employees: 3 FT/ 20 PT

Business Description

Price Reduced! Iconic full service restaurant and diner in a rural setting serving great food from steaks, burgers, salads, soups, sandwiches, pasta and other dinners along with alcohol, lottery and cigarettes. Open 7 days a week serving lunch and dinner. The business has built a loyal following over the decades it has been around. Casual atmosphere and consistently good food and friendly service have earned the business it's positive reputation.


Business Details

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

Company Information

Year Established: 1968
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT/ 20 PT

Financial Information

Asking Price: $265,000
Gross Revenue: $577,922
Cash Flow: $70,268
FF&E: $42,000
Inventory: $1,820
Real Estate: $135,000
Seller Financing Available: No

Property Information

Facilities:

The building is located in a rural setting and has served the community and surrounding region for many years. Improvements have been made to maintain the building and create a clean and pleasant dining experience. There is a paved parking lot with plenty of parking.

Growth & expansion opportunities:

Increased advertising and marketing.

Competition:

Due to the rural location, there is no direct competition in town. Competition comes from neighboring communities which is also where many of the repeat customers come from.

Reason for selling:

Transition to other opportunities and retirement.

Support & Training:

Will train for 2 weeks @ no cost. Food, alcohol, lottery and cigarettes are sold here so the appropriate food, health and other licenses need to purchased and maintained. Hospitality, payroll/bookkeeping and management experience would be helpful for the new owner.

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Business Listed By:

Pat Steffl

Murphy Business Brokers