The Black Angus Steak House

Canton, SD
Lincoln County

SE SD


Asking Price: Annual Revenue:
$300,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: The Black Angus Steak House Broker: Trevor A Thielke
License #: 17457

Quick Facts

Asking Price: $300,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: $275,000
Year Established: 1952
Employees: 5
BBN Listing #: 562462173
Broker Reference #: 00145

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Business Overview:

The Black Angus has been a vital part of the Canton community since the 50’s. This steakhouse and restaurant when it was being ran by the present owner had a gross revenue of over $450,000. The business is temporarily closed as we search for the new right fit to take over this Canton staple, however, the people in town have been asking for it to reopen soon and want to support the business.

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Property Features and Assets:

The business is fully furnished both upstairs (dining area, bar area, fully operational kitchen, event room, and bathrooms) and the lower level (event/dining area, bathrooms, office space, storage space, utility room, walk in cooler, and walk in freezer). Everything needed to effectively operate this business is included in the sale! The building boasts of over 6,000 square feet of space between the two levels. With an open fully furnished dining area, and a bar area with additional at and by the bar, there is plenty of space to take serve a lot of customers. The building was rebuilt in 1993 after a fire took out most of the buildings on the street around it.

Market Competition and Expansion:

There is only 2 other places that offer full menus for “sit down” restaurants in Canton, and one of them only offers breakfast and lunch. There is tremendous opportunity to grow this business because the community is longing for another option for good food in town.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is not 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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