Seller's Contact Information
- RE: Magpie's Cafe On Historic Main Street Downtown St. Charles
- Contact: Chris Mercier
Quick Facts
| Asking Price: | $109,999 | |
| Annual Revenue: | $812,908 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $23,239 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $16,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1984 | |
| Employees: | 3 | |
| BBN Listing #: | SB-54256 | |
| Broker Reference #: | STLOUIS001-54256 |
Business Overview:
Legacy restaurant with a historical past generating double digit sales and profit growth. Volume approaching national franchise average sales. Turn-key opportunity for the right restaurateur to extend the legacy of Magpie's Café on Main Street St. Charles. Fully staffed, trained employees, established business processes and systems in place for future revenue and profit growth. After 40 years of success, it's time to pass the torch. We are seeking a restaurateur willing to continue the long history of quality food, courteous and friendly service, in a place with exceptional ambiance. Sales have never been better! Magpie's is not only great for a casual meal, but also perfect for events, like bridal showers, rehearsal dinners, and other luncheons as well. Our lovely cobblestone patio is wonderful for enjoying live music and our outdoor grill. The restaurant has grown to 14 tables inside and 21 tables outside on the lovely patio. The inside dining rooms hold up to 45 guests and the patio seats around 100 guests weather dependent.St. Charles, Missouri is a charming and historic town that offers a unique blend of past and present. Annual events and festivals include Festival of the Little Hills (which draws close to 10,000 customers over the three-day event), Oktoberfest, Riverfest, Legends & Lanterns, & St. Charles Christmas Traditions. The restaurant is fully equipped including a recent switch from a gas stove in the basement to electric induction burners and a ventless hood system. Updates also include adding three more gas-line fed outdoor firepits on the patio. Magpie’s Café has long been recognized for their delicious Baked Potato Soup. Other favorites include their daily homemade quiches and desserts. Fall/Halloween and the Christmas season are typically our busiest months. The seller will happily assist the buyer for up to 30 days, or as long as it takes with the proud new owner!
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Property Features and Assets:
Historic building with storied background. Magpie's has grown to 14 tables inside and 21 tables outside on our lovely patio. www.magpiesonmain.com
Market Competition and Expansion:
Historic treasured restaurant and location with nearly 40 years of service.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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