Popular Steak - House And Lounge

www.GlobalBX.com

Listing ID: 700357507

Listing Title: Popular Steak - House And Lounge

Quick Link: http://www.globalbx.com/listing.asp?bId=357507

Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: North Dakota

Area

City:

Asking Price Range: $250K - $500K

Gross Revenues: $475,238

Cash Flow: $50,472

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1978

Number of Employees: 1 - 3

Business Description:
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.



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