Popular Sioux Falls Eatery for Sale

Minnehaha County, SD

Popular Sioux Falls Eatery for Sale
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Asking Price: $369,000

Cash Flow: $170,015

Gross Revenue: $934,557

EBITDA: N/A

FF&E: $77,000

Inventory: $5,000*

Established: 2003

*not included in asking price.

Popular Sioux Falls Eatery for Sale

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Business Description

Excellent opportunity to own an established, profitable eatery in a growing city. The business serves all three meals and has become a staple in the community for fast casual, fresh offerings. A new owner can choose to expand the menu and possibly explore a change of concept. The business has a large and successful loyalty program among its customers, with participants numbering almost 15,000 and growing. In addition, the business has a full-time manager, so a new owner can choose how much they'd like to be involved.

Detailed Information

Location:
Minnehaha County, SD
Inventory:
Not included in asking price
Employees:
9 FT/9 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business leases approximately 3200 square feet in a high traffic strip mall. The location has excellent visibility and parking. The business has been in this same location since it started fifteen years ago.
Competition:
As is common in the restaurant industry, there's plenty of competition, both direct and indirect. However, over the last fifteen years, this business has built a large customer base and become known as a gathering place for breakfast, lunch and dinner.
Growth & Expansion:
Good potential for growth through an increase in catering, an introduction of new menu items, and possibly items better suited to a dinner crowd. Possibility of a new owner being able to change the concept/vision of the business and menu.
Support & Training:
Will train for 3 weeks @ $0 cost. Outside of the usual State, Federal, and Dept of Health licenses, no special skills or additional licenses required.
Reason for Selling:
Owner would like to retire.
Franchise:
This business is an established franchise
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Rey Gonzales

Business Listed By:
Rey Gonzales

Murphy Business & Financial Corporation

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Sponsoring Broker:
Calvin Breske

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