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Family-Style American Restaurant Serving Country-Style Food

Mid West

Family-Style American Restaurant  Serving Country-Style Food
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $1,200,000

EBITDA: $250,000

FF&E: N/A

Inventory: N/A

Established: N/A

Family-Style American Restaurant Serving Country-Style Food

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Business Description

The Company is a single location, family-owned casual American restaurant. It provides high-quality, fresh food with top-of-the-line personal service. From hand-cut steaks and real mashed potatoes to hand-cut, hand-tenderized pork tenderloins, everything the restaurant owners serve on their own dinner table is served in the restaurant. Including the restaurant sales (95% of 2018 revenue), the Company also has a gift shop that sells merchandise, including t-shirts and other restaurant memorabilia (5%). The restaurant is a popular destination for travelers across the Midwest US (60% of revenue in 2018), and also has many frequent visitors from the local community (40%).

The Company owns the 6,000-square foot restaurant facility, which is designed with 75% of the building for dining and can seat 140 people. The location is a key factor for the business and sits on a piece of land owned by the shareholders that has been deemed viable for a highway motel. The Company currently employs 7 full-time and 10 part-time servers and 5 full-time and 2 part-time cooks to provide services to customers.

Detailed Information

Competition:
* Diversified Customer Base: No single customer accounted for more than 1% of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account. * Fresh, Quality Food: Customers are attracted to the fresh, never frozen food and the restaurant will continue to promote the quality and freshness to promote the restaurant to locals and travelers.
Growth & Expansion:
The Company has conducted a feasibility study on the property and it is suitable for the expansion of a motel for 40 to 60 guests on the site. There are also opportunities for increased marketing.
Financing:
Negotiable
Support & Training:
As needed
Reason for Selling:
Market timing
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Ryan Johnson

Business Listed By:
Ryan Johnson

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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