Elegant Casual Downtown Steakhouse

Not Disclosed, MO

Asking Price: Annual Revenue:
$70,000 $359,620

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Elegant Casual Downtown Steakhouse Broker: Laura Ruether
Owner Financing is Available!

Quick Facts

Asking Price: $70,000
Annual Revenue: $359,620
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 10
BBN Listing #: 923049306
Broker Reference #: 04341-387311

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Business Overview:

Elegant but Casual Downtown Steakhouse Since 2005

Attention Chefs! The current owner is not the cook so this restaurant could really benefit from a professional Chef. Turn-key casual but elegant steakhouse in the downtown district of a growing city! Party/meeting room, bar, front dining room with no view of bar, bar area with additional restaurant seating, outdoor sidewalk seating, lots of storage, and fully appointed kitchen. The best steak in town for sure!

Currently open Tuesday - Friday for lunch and dinner and Saturday for dinner only. Lots of room for growth and to add catering. Historic building on the corner on the main downtown street in the city. Real estate available if desired or negotiable lease.

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Property Features and Assets:

This casual but elegant restaurant was opened in 2005 in a historic building on the corner right in the center of downtown. They serve only the best cuts of stock yard angus aged to perfection. There are no other restaurants in the entire city serving wine and premier steaks in an elegant atmosphere. The only competition in the whole city for a steak is a chain restaurant and a “peanuts on the floor type” restaurant catering to interstate traffic. There is a private dining room that can accommodate up to 40 guests and is equipped with an overhead projector, screen, and speaker system for presentations – a great place to entertain business clients! They customize the party/meeting menu to fit almost any budget and will even open the entire restaurant for private events on Sundays.

Market Competition and Expansion:

no other steak/wine fine dining in the city! Potential Growth • A professional chef could make this place known quickly for their signature dishes! • Catering could be added. • Free delivery options for downtown district could be added • Advertising for “quick & delicious lunch” options • Purchase the real estate and renovate and develop the upper floors for new revenue • Open on Monday or Sunday • Advertise party room • Approximately 40-55 high quality city apartment rental units are being added in a restored historic building on the same street as this restaurant.

Reason for Selling:

Too busy

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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