Restaurant For Sale
Location Iowa,United States
Asking Price Range $250K - $500K
Gross Revenues $296000
Net Profit / Cash Flow $78000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1989
Number of Employees 10 - 19
Inventory 40000
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Reason for Sale Other business interests.
Description This restaurant in northwestern Iowa has an excellent profit ratio and potential for additional growth. It serves steaks, pastas, seafood, burgers, sandwiches and other foods. The building contains a full service bar and a private room for receptions, meetings and parties. The restaurant also caters events. More than 90 percent of its customers regularly visit it, returning for the great food and pleasant atmosphere. The employees are hardworking, well trained and friendly. Most of the staff has been with the restaurant at least five years. Northwestern Iowa has few other nice steakhouses, and the nearest competitor is in a small town about eight miles away.
A new owner could easily expand the restaurant's gross revenue by extending hours and days of operation. Currently, it is open five days a week during dinnertime.
The restaurant is located in a 5,467-sq-ft building on a major highway that serves as the town's main artery. The building contains a bar, two dining rooms and a full kitchen. The restaurant seats 300 people and has plenty of parking. The business is located in a community with a beautiful downtown, strong agricultural base and great school system.
At least one of the owners is willing to stay on as long as needed after the business sale to facilitate a smooth transition. Contact for more information on this Restaurant for sale.
Click Here To Contact Seller
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