Highly Profitable, Well Known Restaurant

Story County, IA
Story County

Asking Price: Annual Revenue:
$1,470,000 $2,259,668

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Highly Profitable, Well Known Restaurant Broker: Matthew Ashburn

Quick Facts

Asking Price: $1,470,000
Annual Revenue: $2,259,668
Net Profit: Not Disclosed
Cash Flow: $490,000
Total Debt: Not Disclosed
FF&E: $268,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 46
BBN Listing #: 217438602
Broker Reference #: ANKENIA001-N555

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Business Overview:

Pandemic Proof! 2020 sales and profits increased over 2019! Here’s your opportunity to own a business in one of the most in-demand segments of the restaurant category. The Seller has implemented proven systems used in managing many different business industries to run this one as a management business, dialing in seat to serve times, operational costs, a team philosophy and creating a culture that brings back loyal raving guests and attracts new fans daily. Nearly 5-point reviews from Yelp, Google, and TripAdvisor. By the numbers- The result is 15% net operating income and 22% recasted SDE in 2020. With a 20% down payment, a Buyer has a potential to earn up to an 80% cash on cash return on invested down payment. Read the last line again and let it sink in. 2020 sales are solid already. Great location that pulls people from all over Iowa and multiple states beyond. This business is solid, growing, and poised for expansion to other locations, or perfect for franchising. A great business for a single owner, or investor group to add onto an existing portfolio. If you’ve wanted to own a highly profitable successful business, with loyal employees, high retention raving guests, clean financials, this one is the recipe for success. Real estate is also available, for an additional $925,000. Contact Matthew Ashburn today- it won’t last!

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Reason for Selling:

Retirement & Family

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.

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