Profitable Restaurant in Revitalized, Downtown Area for Sale

Independence, MO (Jackson County)

For more information about this business, contact FNBC at (866) 800-0990.
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Asking Price: $110,000

Cash Flow: $64,769

Gross Revenue: $393,952

EBITDA: N/A

FF&E: $85,000

Inventory: $5,000

Real Estate: $415,000*

Established: 1991

*not included in asking price.

Profitable Restaurant in Revitalized, Downtown Area for Sale

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Business Description

Restaurant for sale in revitalized and busy downtown area. The restaurant has been in business for many years and is unique to the area. It draws regular customers from miles around. However, a new owner might want to change the theme and menu to attract more customers.
All this plus excellent rental income too. Four additional tenants on property mean recurring monthly revenue at very low associated cost. Upstairs is a very spacious apartment (a new owner could easily live here or rent to a key employee), plus a beauty shop, a counseling service, private office for owner of the restaurant and more. The possibilities are nearly endless.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This restaurant is located just one block from the historic Jackson County courthouse on delightful Independence square. The entire area has experienced an amazing revitalization in recent years, with attendant boutique and other unusual shops, movie theatre, collection of interesting restaurants and tourist attractions related to Harry Truman and the historic trails district. The kitchen is easily adaptable to nearly any type of restaurant you might want to have.
Competition:
Probably the best thing going for this restaurant is the amazing revitalization of the Independence Square area. Located one block from the historic Jackson County main courthouse (think Harry Truman), you have to travel many miles to find a shopping district as distinct and varied as the surrounding area. The owners have not engaged social media nor spent more than 1% advertising budget over the past few years so there is strong opportunity for additional exposure at very little expense. The restaurant has many paths to consider in raising its profile. The immediate area is very strong, with a vigorous daytime population to make for a strong lunch business.
Growth & Expansion:
They have two dining rooms, so one could be used for parties and small gatherings, receptions and the like. It would be very easy to offer a different menu or theme for the establishment. You can see for yourself that it would lend itself to a variety of menus. A new owner with knowledge of social media will be able to capitalize on that aspect of promotion. More active participation in area chamber activities and other Independence Square promotions is bound to increase traffic and revenues.
Support & Training:
Seller and manager will train in all phases of operation – meal preparation, ordering, front of house, maintenance & repair, hiring and training of staff, transfer of recipes.
Reason for Selling:
Retirement
Business Website:
http://www.fnbcusa.com
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Tom Buckley

Business Listed By:
Tom Buckley

FNBC Kansas City

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