Asking Price:

$303,000

Gross Income:

$486,687

Cash Flow:

$87,374

EBITDA:

N/A

FF&E:

N/A

Inventory:

N/A

Real Estate:

N/A

Year Established:

1936

Employees:

18

Business Types:

Other Eating & Drinking Places
Restaurants

Business Description

This Family Restaurant/Lounge 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 a million dollars per year. The business equipment, furniture, and fixtures have a fair market value of $107287. 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.

Detailed Information

Support/Training:

Seller will work with buyer through transition and offers assistance for 10 days at no cost

Reason Selling:

Seller is relocating