Profitable, Established, Popular, Midwest Diner

Linn County, IA

Seller Financing Available
Profitable, Established, Popular, Midwest Diner
Contact Seller

Asking Price: Get Financing: $379,000

Cash Flow: $167,549

Gross Revenue: $776,743

EBITDA: N/A

FF&E: $75,000

Inventory: $10,000

Real Estate: $225,000*

Established: 1992

*not included in asking price.

Profitable, Established, Popular, Midwest Diner

Get Financing Save Print Share Valuation Report

Business Description

Lucrative, established, Middle American restaurant with iconic local brand. This popular lunch & dinner establishment offers large entire portion options suitable to share and reputation for reasonable price with fast, friendly service.

This presents a rare opportunity to own your own well-established, successful company as an owner operator that wants to make a very good living. This business is a quintessential Iowa eatery offering traditional, hearty and mouthwatering all-American meals. The tasty food and reputation are evident by excellent ratings and reviews on TripAdvisor, Yelp & Google. It is a standard, a favorite of many, popular with locals, travelers and area natives craving the unique experience during homecomings.

In addition to the recognized brand, the successful buyer can benefit from effective systems, loyal following, well-maintained furniture and equipment in place, and dedicated, skilled team including attentive, friendly servers.

Confidentiality nondisclosure agreement required.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
1,460
Employees:
2 FT/16 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This homey place is an informal establishment. The Real Estate is owned by the seller and offered for lease to their successor or available for purchase at a price of $225,000. The building is ideal for this type of business with adequate parking, good visibility, decent traffic count, several nearby residences and is conveniently located with easy access near major highway and a recreation area.
Competition:
Limited direct competition in immediate area.
Growth & Expansion:
The ultimate buyer might enhance revenue by adding outdoor seating area, adding breakfast or brunch, adding Sunday hours, promoting catering, promoting carry-out, adding delivery options, supplementing the menu and additional advertising. The company’s strong customer base, proven capabilities and outstanding reputation present strong platforms to increase market share and revenue through the investment of time, attention and capital in human resources, marketing, and working capital.
Financing:
$341,100 down/$37,900 for 120 mos. @ 9.95%.
Support & Training:
Will train for 1 week @ $0 cost. The straight-forward, American menu features sandwiches and Midwest classics. Plus, the diner serves appetizers, soups, salads and other sides, deserts, shakes and even bottled and draft, domestic beer and other alcoholic beverages. The format is family-friendly with kids’ menu. Patrons order and pay at the counter, enjoy self-serve fountain drink and seat themselves. The business provides dine-in or take-out and is known for good food and good company. The seller is active, hands-on and responsible for all facets of management and operations. The trusted team in place allows for the owner to take time away from the restaurant.
Reason for Selling:
26 yrs in business, the owner wants to try something different before retiring.
Contact Seller

Contact the Seller

Contact Seller Loading

Brian Brown, CBI, CMAI, Iowa/Nebraska Director

Business Listed By:
Brian Brown

Murphy Business & Financial Corporation

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.


Sponsoring Broker:
Michael Rooney

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1555989 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings