Owner Operated Restaurant For Sale

This profitable family-style restaurant has been owner operated for over 27 years. The long-term customer base has led to consistent wait lines on certain days of the week.

The owner has successfully enjoyed steady growth in sales which can provide a new owner a turn-key business with immediate cash flow. Commitment, loyalty and hard work has made this a strong business that offers great food with a wide-variety of desirable dishes on the menu.

While maintaining this business has provided consistent cash flow, the restaurant has not maximized its potential growth. An ambitious entrepreneur with new innovative ideas can expand on the great foundation that has been established and experience potentially increased revenue. Additional hours, catering or even an outdoor sidewalk café are great options.

Sales Information

Asking Price $249,900
Gross Sales $374,200
Year Established 1987
Seating Capacity 125
Employees 9-10
Parking Off Street
Inventory Not included in price
Equipment Furniture, fixtures and equipment included. List available.
Facilities Approximately 2,360 sf leased space for $2,596/month (including CAM). Current lease expires Nov 2019 with option to renew.

Financials

The owner has built a profitable business that has provided steady cash flow for years. The gross profit has exceeded the industry standards.

Reason for Selling

The owner is preparing for retirement and would like to see a motivated buyer carry on and benefit from his history of success.

Style

This home-style family restaurant has seating for 125. The staff consists of 4 full time and 6 part time all of which includes cooks, waiters and hosts. The menu is filled with dishes that please all appetites.

Competition

Franchise restaurants are located throughout the area but nothing similar to the family-style vast variety in the menu options.

Location

Set on endcap space of strip mall in a large northern suburb of the Twin Cities, this location is in a prime area. Surrounded by multiple retail shops, office buildings, banks, churches and a large anchor grocery. With visibility from a high traffic area there is great opportunity for new, attractive signage.

Growth and Expansion

With the continued growth over the previous years, the buyer can consider expanding to the next level. An extension of hours or adding an inviting outdoor patio that could provide a great setting for morning breakfasts to summer evening dinners would be a couple of considerations.

CONFIDENTIALITY (see attached)

Customers, competitors and employees become hesitant when a business is for sale, often triggering reactions that can weaken the momentum and therefore its value. The Seller's goal is to carefully protect its trade secrets and financial information for the benefit of the next owner. Before releasing further details, the party offering this business for sale requires a signed confidentiality agreement.

Prospective Buyers

Thank you for your interest in our business for sale.

NEXT STEPS

The non-disclosure confidentiality agreement and letter of intent-to-purchase documents are available upon request.

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