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Restaurant Diner for Sale

West Burlington, IA (Des Moines County)

50’s style interior
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Asking Price: $650,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $186,000

Inventory: N/A

Real Estate: N/A

Established: 2000

Restaurant Diner for Sale

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Business Description

The All Star Diner is a popular breakfast and family-oriented restaurant serving Maid- Rites, fries, shakes and all the classic diner comfort food! This 1950’s style Diner is located right across the street from one of the midwest’s finest tournament class sports facilities with offerings in softball, baseball, volleyball and soccer. Tournaments run from April through October. A new indoor soccer facility called “The Turf” will also be opening in February 2019 and should add additional traffic. Location has 2.89 acres with room to possibly add a motel. Tournaments regularly rent out all available rooms in town making this an ideal location for lodging.

Detailed Information

Location:
West Burlington, IA
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,200
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Interior has seating for 117 with counter and booths done in red and black. Equipment includes fryers, broaster for chicken, grill,charbroiler, alto-sham, and exhaust hoods. 1950’s style jukebox also included! Facility also has a dish room and small office.
Competition:
Only Diner in town! Not much breakfast competition in the area.
Growth & Expansion:
A pro to this location would be to add a motel or extended stay motel on the property. There is a need for additional lodging in the Burlington, Iowa area and this is just down the street from a major regional hospital. This is also the closest restaurant to the hospital.
Support & Training:
Owner willing to train prospective buyer wanting to keep current Maid-Rite franchise in operation.
Reason for Selling:
Owner is retiring to spend time with family and grandchildren!
Franchise:
This business is an established franchise
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Business Listed By:
David Schnicker

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