Full Service Restaurant #6001
This full-service diner and restaurant is a huge draw for locals and for folks from a 20-mile radius. Serving breakfast all day, daily lunch specials, and a buffet, their quality food has enabled a good cash flow and an excellent reputation. No competition as they’re the only diner in town! Come check out this great opportunity in Iowa today! This establishment includes $20,000 in equipment, fixtures and furnishings, and building and property valued at $32,000. Ask for portfolio #6001.
Restaurant & Lounge #632
This restaurant and lounge was established in 1981 as a bar with limited food service. It has evolved since then into a full-service casual dining center with lounge support. They feature steaks, seafood, pastas, burgers, sandwiches, salads, kid's portions, appetizers and desserts, along with a large selection of soft drinks, beers, mixed drinks and wines. The main dining area and lounge has a capacity of 100 and the additional upper level that is a semi-private area is capable of seating 50 people. They boast an experience well-trained staff in a well-maintained facility. Located in Northwest Iowa.
Catering Business with Large Restaurant Kitchen For Sale
Linn County, IA
This catering business comes with ongoing contracts, repeat clients and solid relationships with banquet facilities. Prepares meals for local aviation and sports teams along with a very busy wedding calendar and corporate dates. There is an existing chef. The owner is primarily involved in marketing, sales, customer service, and managing the employees. This is a great business if you have some food service experience and even better business if you have an existing food service business and want to expand your capacity, revenue and reach. The kitchen is fully equipped and can handle banquets over 1,000 people. A turn key operation for the right buyer.
Absentee Owned Des Moines Gourmet Burger $880,000 in Sales
West Des Moines, IA
Remotely operated, full staffed burger franchise in West Des Moines, Iowa with annual sales of $883,195 in 2015. It’s your choice to operate absentee and earn $108,354 annually or increase your profit by being an owner-operator and earn $160,928.
One General Manager is responsible for day to day operations and oversees 4 full time employees and 8 part time employees. The current owner runs this business remotely and absentee by scheduling weekly conference calls and regular site visits every 30 to 45 days. The reason the owner is selling is due to living out of state and the want to not be an absentee owner any longer.
This turnkey operation is fully equipped with all personnel resources as well as necessary supplier, contacts and an online ordering system. The Franchisor provides marketing and training support to allow for consistency and national ad campaigns.
Earn either a 71% or 156% return on your down payment investment in year one as well as a net operating income of $44,746 or $97,320!
List Price: $415,000
Owner Profit/Cash Flow (if Owner-Operator)
Owner Profit/Cash Flow (if Absentee Owner)
Profit Margin: 18%
Multiple: 3.4 – [Multiples are based between 1 and 5, with 3 being the average]
Valuation: Cash Flow x Multiple = Price
$160,928 x 3.4 = $547,155
Assets Included in Purchase: $432,154
Intangible Assets: Custom website with online ordering capabilities
*amounts may vary
Purchase Price: $415,000
15% Buyer Down Payment: $62,250
15% Seller Financing: $62,250
70% Bank Loan: $290,500
Loan over collateralized by $141,654!
Net Operating Income as Owner-Operator of $97,320 with a 156% Return on Down Payment Investment in Year One
Net Operating Income as Absentee Owner of $44,746 with a 71% Return on Down Payment Investment in Year One
SW IA Family Quick Service Franchise Restaurant For Sale
This established franchise restaurant is located in a regional hub of SW Iowa for business, education, medicine, industry and shopping. This community continues to grow and is rated as one of the states fastest growing communities. This business has been recognized, accepted and is supported by the community. This franchise model offers buffet dine – in, carryout and delivery. Menu items include pizza, chicken, mashed potatoes, gravy, vegetables, and a full salad bar to name a few.
Well Established Family Restaurant in North Central Iowa
This is an opportunity to purchase a very well established family restaurant with a strong local following. It is located near a busy highway in a progressive, picturesque north central Iowa town of over 1,600 people.
This restaurant is best known for popular menu items featuring homemade tenderloins, onion rings, soups, broasted chicken and amazing cheeseburgers.
At over 3,000 sq ft, the restaurant seats 84 inside and an additional 30 can be seated outside. Other assets include ample parking and an excellent staff.
This is a turnkey business with tremendous growth opportunity, ideal for an owner operator. The owner is retiring and motivated to sell. He will consider seller financing to the right buyer, making this deal even more attractive to the first time owner/operator.
Price is only $95,000 for the business with super cheap rent at only $500 per month or the building and property are available for purchase as well.