Established Steakhouse for Sale

Not Disclosed, SD

Asking Price: Annual Revenue:
$1,295,000 $1,100,522

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Established Steakhouse for Sale Broker: Rey Gonzales

Quick Facts

Asking Price: $1,295,000
Annual Revenue: $1,100,522
Net Profit: Not Disclosed
Cash Flow: $80,918
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: $850,000
Year Established: 1993
Employees: 16
BBN Listing #: 15184955
Broker Reference #: 5401-16922

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Business Overview:

Providing quality service and great food, this business has become well known throughout the region over the last three decades. The business is fully staffed and all equipment is place, providing a turn-key opportunity for a new owner.

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Property Features and Assets:

The business is located in an 8,600 square foot building located on almost nine acres. The real estate has excellent space for corporate events, meetings and private get togethers. Assets = $1,115,000

Market Competition and Expansion:

In operation for thirty years, the business has built a loyal following by providing good service and great food. Various options for dining exist, but the specialty nature of this restaurant set it apart. The business has been a staple in the region for three decades, but good opportunities exist for growth. A new owner could look to freshen up the menu, or utilize the conference and event space a bit more, maybe they could look to enhance the catering side of the business; multiple opportunities to consider.

Reason for Selling:

Sellers are looking to relocate.

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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