Grille & Lounge
Location:
United States
->
South Dakota
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
This Family Restaurant/Lounge for sale is located in one of the most picturesque cities in South Dakota serving tourists and the surrounding communities. This is a great recreational area for camping, hunting, fishing and snowmobile enthusiasts. This restaurant has become a well-known meeting place for good food and spirits. The lounge includes an on-sale liquor license and 2 video lottery machines. The current owner bought the business 6 years ago and has enjoyed a loyal customer base and sales at 1/2 a million dollars per year. The business equipment, furniture, and fixtures have a fair market value of $96,098. Catering Equipment is not included but is negotiable. Average inventory runs approximately $9,000 and is included in the Purchase Price. Land and Building are also included for $100,000. This is a turn-key operation. The seller will work with a buyer through the transition period and offers assistance at no cost for 10 days. The seller plans to relocate to the west coast. A non-compete agreement will be available.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$488,352
Cash Flow:
$65,928
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 1936
Number of Employees: 10 - 19
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: seller will work with buyer through transition period and offers assistance at no cost for 10 days.
Reason For Selling: Seller is relocating.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
|
Print Listing Id: 700112452
|
Business and Commercial Loans
Over 300 Lenders are waiting to help you with Financing for Business Purchase, Franchise, Commercial Mortgage or Equipment - Get Financing Now!
|
|
|
|
NEWSLETTER
|
|
Sign up for Free Industry-Related News on Business and Franchise Opportunities
|
|
|
|
|
