Business For Sale

Profitable Restaurant in Revitalized, Downtown

Independence, MO
Jackson County


Asking Price: Annual Revenue:
$525,000 $393,952

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Restaurant in Revitalized, Downtown Broker: Roy Huffman

Quick Facts

Asking Price: $525,000
Annual Revenue: $393,952
Net Profit: Not Disclosed
Cash Flow: $64,769
Total Debt: Not Disclosed
FF&E: $85,000
Real Estate: $415,000
Year Established: 1991
Employees: 11
BBN Listing #: 60352743
Broker Reference #: 12-155

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Business Overview:

Restaurant for sale in revitalized and busy downtown area. The restaurant has been in business for many years and is unique to the area. It draws regular customers from miles around. However, a new owner might want to change the theme and menu to attract more customers.
All this plus excellent rental income too. Four additional tenants on property mean recurring monthly revenue at very low associated cost. Upstairs is a very spacious apartment (a new owner could easily live here or rent to a key employee), plus a beauty shop, a counseling service, private office for owner of the restaurant and more. The possibilities are nearly endless.

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Property Features and Assets:

This restaurant is located just one block from the historic Jackson County courthouse on delightful Independence square. The entire area has experienced an amazing revitalization in recent years, with attendant boutique and other unusual shops, movie theatre, collection of interesting restaurants and tourist attractions related to Harry Truman and the historic trails district. The kitchen is easily adaptable to nearly any type of restaurant you might want to have.

Market Competition and Expansion:

Probably the best thing going for this restaurant is the amazing revitalization of the Independence Square area. Located one block from the historic Jackson County main courthouse (think Harry Truman), you have to travel many miles to find a shopping district as distinct and varied as the surrounding area. The owners have not engaged social media nor spent more than 1% advertising budget over the past few years so there is strong opportunity for additional exposure at very little expense. The restaurant has many paths to consider in raising its profile. The immediate area is very strong, with a vigorous daytime population to make for a strong lunch business.

Reason for Selling:

Retirement

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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