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Businesses For Sale   >>   Banquet Businesses For Sale   

Steakhouse / Bar / Banquet Facility

Location  South Dakota,United States
Asking Price Range  < $250K
Gross Revenues  $669802
Net Profit / Cash Flow  $141344
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2010
Number of Employees  20 - 34
Relocatable  Not Disclosed
Number of Employees  20 - 34
Real Estate  Owned

This area steakhouse is nostalgic dining at its best. This family friendly steak house and grille provides steaks, prime rib, seafood, sandwiches, burgers, appetizers and alcohol. The outside patio has a crushed rock outside patio area set with picnic tables, umbrellas and bean bag boards. The restaurant area is approximately 3,250 sq. ft. with a current seating capacity of 120 guests. This Bar and Grille also has a Meeting Room with seating capacity of 60 and Banquet room with seating capacity for 420 guests. This Banquet Facility is equipped for various parties, meetings and books 25-30 weddings per year. Guests rent the room as well as purchase all food & beverage through the restaurant. FF&E of $138,463 are included. Many updates have recently been done including new wiring, plumbing and insulation. The building and property are equipped with a $28,000 state approved septic system. The building is approximately 13,784 sq. ft. and is located on +/- 3.98 Acres with parking for well over 500 vehicles. The seller wishes to concentrate on other business ventures and will work with a buyer through a transition period.

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