Seller Financing Available
Gross Revenue: $610,220
Real Estate: $700,000*
* not included in asking price.
Well Known, Beloved Home Cookin' Restaurant in Arkansas
• Having been in business for over thirty-five years, this restaurant is well-known and loved with many faithful customers who have been coming back for decades
• The restaurant has a great, “Southern” menu; everything from fried catfish, hushpuppies, steaks, burgers, seafood and more • When you say the name of this restaurant, people know exactly where it is located • This restaurant sits on one of the most scenic pieces of real estate in Central Arkansas, which is also for sale • Due to health issues and other business interests, the owners have decided to put the business and the real estate on the market • Neither owner has been very active in the business for some time, leaving it in the hands of managers to run • An owner/operator could step right in and fill the roles of two managers • The business is cash flowing, but both current owners agree that it is not living up to its potential. In 2014 the business grew to have a cash flow of over $86,000 which was up $16,000 over 2013 • There are over 11 acres of real estate that can be included in the deal, along with the building that the restaurant sits in, making this a very attractive opportunity for the right buyer • The real estate could be kept as is or it could be developed into apartments, a hotel, a bar/nightclub, etc. The bottom line is that this gives a buyer options • Owner financing is offered for a qualified buyer • The owners are motivated to sell For more information contact Connor Grimes at (501) 404-4980.
Inventory: Included in asking price
Real Estate: Owned
Not included in asking price
Building Sq. Ft.: N/A
Employees: 3 FTE, 25 PTE
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: 8,500 sq. ft. building; available for lease or purchase
Financing: Seller will consider some financing for a qualified buyer
Support & Training: Seller will negotiate a transition period
Reason for Selling: Retirement
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