Price Reduced! Sioux Falls Area Family Restaurant

SD (Relocatable)

Price Reduced! Sioux Falls Area Family Restaurant
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Asking Price: $240,000

Cash Flow: $86,094

Gross Revenue: $699,320

EBITDA: N/A

FF&E: $193,943

Inventory: $11,995*

Established: 2003

*not included in asking price.

Price Reduced! Sioux Falls Area Family Restaurant

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Business Description

Sales were negatively impacted during a good portion of 2018 due to road construction. Road construction is no longer an issue and sales have positively reflected this. The project is complete and the business has come back. This legendary Sioux Falls area based restaurant has been in operation 10+ years. Restaurant currently offers breakfast, lunch and dinner menu items. The business prides itself on offering high quality food with exceptional service. The owner(s) insist on providing innovative food items combined with a fun, lively and inviting atmosphere.

Whether you want to relax in the beautiful dining room that surrounds you with local artwork, enjoy the weather on the new seasonal patio, take off with take-out, cater an event or work during a business breakfast, lunch or dinner this restaurant has something for everyone.

Detailed Information

Inventory:
Not included in asking price
Employees:
9 FT/12 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business owner currently leases the real estate. Parking capacity has been adequate for the demands of the business. The facility is in great shape and offers a very pleasing dining experience. The restaurant's foot print is just under 4,000 sq.ft. All FF&E will be included in a sale.
Competition:
The current competition is strong. However in this market, restaurant operators tend to do great business as long as quality, service and cleanliness are maintained at or above customer expectations. This industry continues to grow along with the area population. Over all, the restaurant industry is strong in this market.
Growth & Expansion:
As the population, in this market, continues to grow and the new owner(s) are community based operators - this restaurant's potential for growth remains strong. Operators creating strong "top of mind" awareness tend to be very successful.
Support & Training:
Will train for 2 weeks @ $0 cost. Restaurant experience would be a plus but, not required. In the event a buyer has no experience, as long as they are coach-able, trainable and don't try to "reinvent the wheel..." this concept can be learned within a reasonable amount of time. If you have experience and would like to introduce a new concept... this site can be transformed and the re-imaging budget kept under control. All though an operator would need to apply for some service industry licenses/permits - the skills can be taught to succeed in this industry.
Reason for Selling:
Owners would like to sell to spend more time with family and do some traveling.
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Bryan Mulder

Business Listed By:
Bryan Mulder

Murphy Business & Financial Corporation

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Sponsoring Broker:
Calvin Breske

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