Business Overview:
This Family Restaurant/Lounge is located in one of the most picturesque cities in South Dakota serving tourists and the surrounding communities. This is a great recreational area for camping, hunting, fishing and snowmobile enthusiasts. This restaurant has become a well-known meeting place for good food and spirits. The lounge includes an on-sale liquor license and 2 video lottery machines. The current owner bought the business 6 years ago and has enjoyed a loyal customer base and sales at ½ a million dollars per year. The business equipment, furniture, and fixtures have a fair market value of $107,287. Catering Equipment is not included but is negotiable. Average inventory runs approximately $9,000 and is included in the Purchase Price. Land and Building are also included for $100,000. This is a turn-key operation. The seller will work with a buyer through the transition period and offers assistance at no cost for 10 days. The seller plans to relocate to the west coast. A non-compete agreement will be available.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Seller is relocating
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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