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Iowa Business For Sale |
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| RESTAURANT |
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| Attn: Bill Busche |
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| Not Disclosed, IA, USA |
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| Asking Price: |
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$295,000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Restaurants, Fast Food, Deli |
| Reason for Selling: |
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Other business interests |
| Year Established: |
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1989 |
| # of Employees: |
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12 |
| Yearly Revenues: |
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$296,000 |
| Yearly EBITDA: |
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$78,000 |
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Business for Sale Overview:
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This restaurant in northwestern Iowa has an excellent profit ratio and potential for additional growth. It serves steaks, pastas, seafood, burgers, sandwiches and other foods. The building contains a full service bar and a private room for receptions, meetings and parties. The restaurant also caters events. More than 90 percent of its customers regularly visit it, returning for the great food and pleasant atmosphere. The employees are hardworking, well trained and friendly. Most of the staff has been with the restaurant at least five
years. Northwestern Iowa has few other nice steakhouses, and the nearest competitor is in a small town about eight miles away. A new owner could easily expand the restaurant’s gross revenue by extending hours and days of operation. Currently, it is open five days a week during dinnertime. The restaurant is located in a 5,467-sq-ft building on a major highway that serves as the town’s main artery. The building contains a bar, two dining rooms and a full kitchen. The restaurant seats 300 people and has plenty of parking. The business is located in a community with a beautiful downtown, strong agricultural
base and great school system. At least one of the owners is willing to stay on as long as needed after the business sale to facilitate a smooth transition.
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Additional Details:
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- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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