Business Overview:
This restaurant, lounge and casino has been owned and operated by the present owners for the past five years. Located in downtown area in eastern Montana and close to Interstate 94, this completely remodeled restaurant has been growing in revenues and profits annually. The restaurant is a busy breakfast, lunch and dinner restaurant, while the separate bar area offers a cozy lounge and casino with seven gaming machines. The restaurant is in a rural, picturesque Eastern Montana town located just off Interstate 94. Included in the sale is the business assets, equipment, good will, covenant not to compete, short training period, and the real estate (land and restaurant building). Inventory, estimated to be approximately $30,000 will be purchased by buyer separately at seller's cost plus freight if applicable.
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.
Property Features and Assets:
The business operates from a spacious restaurant building located in the downtown area and close to Interstate 94. The building includes a large restaurant seating approximately 80 customers, a separate lounge and casino area, spacious kitchen and full basement for storage. The building was built in 1914 and has been substantially updated by the owners. The building sits on a 21,000 square foot lot, with ample parking. Support/Training: Owners will stay for short time after the sale to assist the new owner in the transition in order to make the transaction as smooth as possible.
Market Competition and Expansion:
Competition: The most desirable restaurant in town, includes a family restaurant serving breakfast, lunch, and dinner, and a lounge and casino.
Growth and Expansion: The owners have made many improvements to the restaurant building. The owner estimates that 75% of the revenues is from the restaurant business, and have ideas on how to increase the lounge and casino business should a new owner desire.
Reason for Selling:
Retiring.
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.