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Businesses For Sale   >>   Banquet Businesses For Sale   

Splendid Family Style Buffet

Location  North Dakota,United States
Asking Price Range  $250K - $500K
Gross Revenues  $1935932
Net Profit / Cash Flow  $63724
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1984
Number of Employees  50 - 99
Inventory  20000
Relocatable  Not Disclosed
Number of Employees  50 - 99
Real Estate  Leased
Training  2 weeks
Reason for Sale  other interests

Description  
PRICE REDUCED! Owner is ready to move on!This well established buffet-style restaurant has a stellar long term reputation in the market with little or no similar competition. It was designed to enhance the dining experience. It has a very clean and appealing atmosphere. Restaurant has excellent visibility and accessibility due to its location in a high-traffic area. It offers both hot and cold buffets, fresh bakery items and desserts. Most of the foods here are made from scratch. The buffet has a variety of selections of main course entrees every day. The restaurant does catering and provides take out for groups of any size. This restaurant has a walk-in freezer, two walk-in coolers, one pass-through cooler and three small flat top coolers .It also has 23- 4 top booths, 46- 4 top tables 7-2 top tables. On the week they turn 1.5 to 2 a day on the weekend they turn 2 to 3.5 times a day. With seating for 252 people, the restaurant has a large meeting area that can be split into two separate banquet rooms. The business has a full staff of experienced employees, consisting of 7 managers, 13 floor workers, 7 busboys, 3 night cleaners,15 cooks, 5 dishwashers. Employees are unaware of the pending sale and fully expected to remain post-closing. The average ticket sale is $10.50.


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