Upscale, Casual Dining Restaurant
Not Disclosed, MO Clay County
Seller's Contact Information
- RE: Upscale, Casual Dining Restaurant
- Contact: Andy Cavanaugh
Quick Facts
| Asking Price: | $450,000 | |
| Annual Revenue: | $961,900 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $190,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $25,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 20 | |
| Employees: | 20 | |
| BBN Listing #: | 476328242 | |
| Broker Reference #: | KS2949-AC |
Business Overview:
This quaint restaurant has been a staple of their downtown district for over 20 years. They are a full-service upscale casual dining restaurant with a full bar, catering to various tastes, serving dinner Monday through Saturday and lunch on Friday and Saturday. They are located on the corner of the main thoroughfares of downtown and occupy approximately 5,000 square feet of space for a base rent of $2,400. They are currently on a flexible lease going month-to-month.
Their consistently high-quality food and outstanding reputation draw locals and weekend getawayers alike. Unique to the industry, they have long-tenured chefs and wait staff.
The owners have built the business and have been an integral part of revitalizing downtown. Their revenues were just under $1,000,000, and Cash flow achieved just under $200,000 in 2021. They are ready to retire and spend time with family.
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Property Features and Assets:
5,000 square feet / $2,400 per month.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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