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Business For Sale
RESTAURANT/STEAK HOUSE
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Asking Price: |
$325,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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Owner is retiring |
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Year Established:
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1984 |
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# of Employees:
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14 Part Time |
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Yearly Revenues:
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$528,082 |
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Yearly Cash Flow:
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$31,516 |
Business for Sale Overview:
This is a well-established (23-years) 3,276 Square Feet restaurant operation with seating for 104 in northeast Colorado located along busy Interstate-76 serving local communities and interstate traffic. Open for lunch and dinner on Sundays, closed Mondays, and open only during dinner hours Tuesday through Saturday.
Property Features and Assets:
Includes approximately 2.8 acres of Real Estate & Building (appraised at $369,000), plus approximately $60,000 in Furniture, Fixtures & Equipment.
Market Competition and Expansion:
This business has been in operation at this location for 23-years and is a favorite with the local community. Sunday brunch is by reservation only, and the restaurant is operated during dinner hours Tuesday through Sunday. To avoid lengthy waits it is advised to make reservations in advance for Friday and Saturday nights. In addition to the area customer base (80% repeat customers), the business is located at Exit 115 at the intersection of I-76 & Hwy. 63, serving quality food to the busy interstate traffic as well.
Additional Details:
- 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 resale opportunity.
- This is not a distressed business or bankruptcy situation.
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