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American Restaurant And Steakhouse
Location: United States -> Kansas
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Raving online reviews! Servicing, Northern Kansas, this full service American restaurant and bar, serves breakfast, lunch and dinner to individuals and groups. They're best known for their gourmet burgers, Ruben Sandwiches and various steaks, seafood and alcohol. Offering these services requires commercial grade kitchen equipment for hot and cold food preparation, and staffed with personnel trained to prepare food, mix cocktails and to serve customers. The company has a proven track record, supported by testimonials written by many satisfied customers over the years. With its menu and reputation for hometown cooking, the company's marketing efforts focus on individuals living in and visiting the local area. With a large customer base and solid reputation, the company continues to attract new customers with its fresh and up to date menus, while maintaining its reputation with existing ones. Food, Beer and Liquor licenses are required to operate this business.

Established over 60 years, this company has maintained a great reputation in the community. Today, approximately 80% of sales are dine-in, 20% carry out, with occasional catering requests. The facility is well taken care of with little to no cleanliness issues. The owner currently does a lot of promoting including 5 star rewards, constant contact, radio and print media. As the current owner approaches retirement, we're seeking a buyer with restaurant experience and good work ethic. With management already in place, this company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired.

Asking $225,000.00 80% repeat clientele. With 125 maximum occupancy, the 2,865 square foot facility includes the main dining room and back room used for large groups and private parties. Meanwhile the bar is 798 square feet. The Property is owned with an option to lease or purchase.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $719,000
Cash Flow:   $50,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $135,000
Seller Financing:  Yes

About The Business

Year Established:  1951
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  The key employees will most likely stay on after the sale. The owner will be available for a reasonable transitioning.
Reason For Selling:  Approaching retirement

Photos

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American Restaurant And Steakhouse Photo 1




Print Listing Id: 700261785
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Kansas Businesses For Sale > Kansas Franchises For Sale > Kansas Business Brokers



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