Premier, Long Established Restaurant & Carryout For Sale

Minnehaha County, SD

Seller Financing Available
Premier, Long Established Restaurant & Carryout For Sale

Asking Price:$550,000

Cash Flow:$94,812

Gross Revenue:$720,580

EBITDA:N/A

FF&E:$69,979

Inventory:$16,000*

Real Estate:$170,000

Established:1950

*not included in asking price.

Premier, Long Established Restaurant & Carryout For Sale

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Business Description

This is a well-known landmark in Sioux Falls. Now is your chance to own a piece of history! Revenues have been rising year over year for some time now, and prices have kept pace with cost of goods and services.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
8 FT/1 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in the same place for well over a half-century, the business has grown dramatically in the last decade. The customer space is small, so it stays busy and a huge amount of sales is driven through carry-out, delivery and catering.
Competition:
There are a couple of key players running a similar business, but there is plenty of market-share to go around. Prices and product are competitive. This is top of its class on Yelp and in the top-10 for restaurants overall.
Growth & Expansion:
The catering side could be grown immensely with active marketing. If the business was moved the dining area could be expanded. The current owner is happy to share different strategies they would employ if they were “30 years younger”.
Financing:
$495k down/$55k for 84 mos. @ 5%.
Support & Training:
Will train for 4 weeks / $6,000 cost. The owners run the day-to-day operations of the business. While there are a few long-term employees, there is no management staff outside of the owners. Tips are split evenly among all the employees.
Reason for Selling:
Owner is retiring.

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Josh Grode Wolters

Business Listed By:
Josh Grode Wolters

Murphy Business & Financial Corporation

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