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Popular Steak - House And Lounge
Location: United States -> North Dakota
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This steak-house and lounge was established in 1978 in southeastern North Dakota. Some other revenue opportunities that could be added to increase the bottom line would be to include off-site beer and liquor sales, add entertainment, and more. The building consists of approximately 5000 sq. ft. It is attached to a motel, not owned by the current owner. The two businesses complement each other because the locals, tourists, and hunters can conveniently access the restaurant, from the motel, without going outside in colder weather. The business also hosts a dance floor available for parties, receptions, reunions, graduations, and other gatherings. This business's potential is only limited by the new owner's vision, passion, skill, and work ethic. With excellent growth potential, exciting profit margins, and a tremendous reputation, this business has everything needed for the right energized entrepreneur to take it to the next level of success! This is a 4-star restaurant featuring dishes that are assembled from the freshest ingredients and from scratch. The restaurant serves breakfast, lunch, and dinner. Inquire today to learn more about this incredible opportunity and the future that it holds! Assets are to included $15,000 in Average Inventory, $88,000 in F/F/E, and $216,000 in Building & Property. Ask for this ''FOR SALE BY OWNER'' PORTFOLIO #0062.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $475,238
Cash Flow:   $50,472
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $103,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1978
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned




Print Listing Id: 700357507
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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 > North Dakota Businesses For Sale > North Dakota Franchises For Sale > North Dakota Business Brokers



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