Breakfast-Lunch Restaurant With Living Quarters

Eureka Springs, AR
Carroll County

Great Tourist Destination


Asking Price: Annual Revenue:
$495,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Breakfast-Lunch Restaurant With Living Quarters Broker: Mary Lovelady
License #: 75165

Quick Facts

Asking Price: $495,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2013
Employees: Not Disclosed
BBN Listing #: 178249165
Broker Reference #: 1878181

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Business Overview:

Eureka Springs Icon - Restaurant currently run by semi-absentee owner generating good profit serving breakfast and lunch only. Sales for 2021 are on track to meet or exceed 2019.

Adding Dinner during the long tourist season could add $200,000 - $250,000 in sales and $50,000 to the bottom line.

Beer and Wine Permit.

Current employees ready to stay.

Real Estate with living quarters and office space included. New owner could use or rent for $7,500-10,000 per year.

Semi-absentee ownership.

PLEASE DO NOT TALK TO EMPLOYEES ABOUT BUSINESS/REAL ESTATE SALE.
Seller requires signed Non-Disclosure Agreement (NDA) to release financial and operational information.

Mary Lovelady

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Property Features and Assets:

The facilities are on a main thoroughfare with a daily average traffic count of 6,000. There is a new patio area, interior remodeled during pandemic, plenty of parking. Living quarters are suitable for owner, renting or AirBnB. Most staff expected to stay. Transition training/support 2-4 weeks. Real estate included.

Market Competition and Expansion:

There appears to be a pent-up demand for tourist destination and restaurants in particular. Adding dinner could increase sales by 30-50%. Adding hours/days also would increase sales. "The fastest-growing counties and metropolitan area in Arkansas over the past decade were in the state's northwest region, according to data released Thursday from the U.S. Census Bureau. Benton County had the state's fastest growth, with its population increasing by 28.5% since 2010 to 284,333. The second fastest growing, Washington County, saw its population increase by about 21% to 245,871. The Fayetteville-Springdale-Rogers metropolitan area grew by 24.2% to 546,725. The region is home to the headquarters of Walmart and Tyson Foods, as well as the University of Arkansas' flagship campus in Fayetteville." Source AP News

Reason for Selling:

Retirement Planning.

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.

Documents:

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