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RE:  Iconic Family-Style Restaurant Downtown Stillwater Contact:  Duane Johnson Or Chris Lappen

Quick Facts

Asking Price: $325,000
Annual Revenue: $446,764
Net Profit: Not Disclosed
Cash Flow: $111,442
Total Debt: Not Disclosed
FF&E: 60,000
Real Estate: Not Disclosed
Year Established: 1982
Employees: 8
BBN Listing #: 514528483
Broker Reference #: 11513 DJ CL

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Business Overview:

Iconic family-style restaurant & café located on the main street in popular downtown Stillwater in close proximity to the lift bridge and the new plaza being built. This location has been in business under the current ownership for over 33 years! They serve breakfast and lunch items 7 days a week from 8am – 2pm (six hours a day)! They have a great mix of loyal local customers and individuals visiting this destination area. Great opportunity for an owner-operator to capitalize on a great location in a growing area. New hotels, apartments and condominiums are currently under construction in the immediate vicinity of this business. Heavy traffic area, clean restaurant and fully staffed. 2022 revenues exceeded $425,000 with an adjusted net income of $111,442. 2023 is on track to do the same. This opportunity is only available due to owner retirement. Asking price of $325,000. For more information, please contact Duane Johnson or Christopher Lappen.

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Reason for Selling:

Retiring

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

Documents:

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