Business For Sale

Steakhouse Restaurant with Real Estate

Not Disclosed, IA


Asking Price: Annual Revenue:
$300,000 $534,147

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Steakhouse Restaurant with Real Estate Broker: Dan Tryon

Quick Facts

Asking Price: $300,000
Annual Revenue: $534,147
Net Profit: Not Disclosed
Cash Flow: $53,572
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: $150,000
Year Established: 1962
Employees: 31
BBN Listing #: 73124955
Broker Reference #: 5002-13672

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Business Overview:

Steakhouse business and Real Estate for just $300,000. This full service restaurant is open only 25 hours per week with sales of $534,000 in 2017 with cost of good sold percentage of 52% in 2017. This well-established enterprise has been in business for over fifty years. The facility seats over 250 diners. It is well located on major highway and offers patrons plenty of parking. The business is very highly rated by customer reviews.

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Property Features and Assets:

Restaurant is 5,400 square feet building with new roof in 2014 that seats 250 and includes a full service bar and several dining areas making it ideal for separate private parties at one time. It also has a large kitchen and walk-in coolers and freezers and storage rooms. Restaurant is located on a major highway and has plenty of parking. Assets = $190,000

Market Competition and Expansion:

This restaurant has a great reputation and has been in business since 1962. Customers are drawn from beyond 30 mile radius. There are no other direct competitors within 15 miles. The successful buyer could expand with lunchtime hours or be open additional days weekly to increase sales. A successor could also market the business more actively including using low cost social media or guerilla marketing methods. The new owner could invigorate the business implementing effective entrepreneurial practices.

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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