Profitable Restaurant and Catering Business in Redfield, South Dakota 56855
- Primary Industry: American Restaurants
For over 60 years, this beloved family restaurant and catering business has been a cornerstone of Northeastern South Dakota. Dine-in services operate daily, along with take-out and catering orders.
The restaurant provides an atmosphere of home cooked meals. Its take-out and catering capabilities combine tradition and convenience by servicing area weddings, graduations, birthdays, picnics, funerals and reunions.
Key Features:
• Includes Real Estate: Utilize cash flow of the business to fund the real estate investment.
• Convenient Location: Located on major highways and limited competition provides consistent cash flow for a new owner.
• Existing Employees: Trained staff for daily operations. Owner willing to help in training and transition.
• Trusted Legacy: A proven history of success with deep community ties.
• Growth Opportunities: Take-out and catering orders have the potential to increase with marketing programs and online ordering capabilities. Also, additional food services would bolt on for cross-selling.
Whether you're an existing food-related business looking for expand, or an entrepreneur looking for a new pace of life, this business is an un-matched opportunity.
Interested buyers should have approximately $30,000 in available capital for the down payment.
Sunbelt Listing ID: 56855
Financial Information
- $300,000 Asking Price
- $166,247 Cash Flow
- $916,170 Gross Revenue
- $30,000 Down Payment
- N/A Adjusted EBITDA
Business Location
- City: Confidential
- State: South Dakota
Reason for Sale
- Retirement
Detailed information
- Year Established: 1964
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: Yes
- Full-Time Employees: 2
- Part-Time Employees: 30
- Contractors: N/A
- Owner Worked Hours/w: N/A
- Inventory Included: Yes
- Inventory Value: $20,000
- Monthly Rent: On request
- Real Estate Available: Yes
- Real Estate Included: No
- Real Estate Value: $200,000
- Building Size: 10504
- FF&E Included?: Yes
- FF&E Value: $128,000
Business Listed by
Sunbelt Business Advisors
Sunbelt Business AdvisorsContact Business Broker
"*" indicates required fields