Grille & Lounge
Location South Dakota,United States
Asking Price Range $250K - $500K
Gross Revenues $488352
Net Profit / Cash Flow $65928
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1936
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Owned
Training seller will work with buyer through transition period and offers assistance at no cost for 10 days.
Reason for Sale Seller is relocating.
Description This Family Restaurant/Lounge for sale is located in one of the most picturesque cities in South Dakota serving tourists and the surrounding communities. This is a great recreational area for camping, hunting, fishing and snowmobile enthusiasts. This restaurant has become a well-known meeting place for good food and spirits. The lounge includes an on-sale liquor license and 2 video lottery machines. The current owner bought the business 6 years ago and has enjoyed a loyal customer base and sales at 1/2 a million dollars per year. The business equipment, furniture, and fixtures have a fair market value of $96,098. Catering Equipment is not included but is negotiable. Average inventory runs approximately $9,000 and is included in the Purchase Price. Land and Building are also included for $100,000. This is a turn-key operation. The seller will work with a buyer through the transition period and offers assistance at no cost for 10 days. The seller plans to relocate to the west coast. A non-compete agreement will be available.
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