Profitable Long Established Family Style Restaurant for sale

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Restaurants for Sale

Long established, profitable, well run family style restaurant. This business has some of the best home cooked food you've tasted! Seller has seasoned employees and managers in place such that the business is self-sufficient and allows him time off to travel, visit family. Serves breakfast, lunch, and dinner; great location, popular community establishment that brings customers from all over as well as road travelers. Seller will provide full training and transition.

Real estate is available to purchase, or Seller will consider leasing the property to a Buyer. Property is priced as $340,000.

Due to the confidential nature of a business sale, the exact town location has not been included in the listing. Please contact Matthew Ashburn for more details, and learn about how you can become an owner of a solid business, that is fun to own, systems in place, and has potential for more growth!

Financial Information

  • $410,000 Asking Price
  • $146,000 Cash Flow
  • $1,231,000 Gross Revenue
  • On request Down Payment

Business Location

  • City: Northern Iowa
  • State: Iowa

Reason for Sale

  • REtirement

Detailed information

  • Year Established: 1981
  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Lender Prequalified: No
  • SBA Prequalified: No
  • Part time Employees: N/A
  • Contractors: N/A
  • Owner Worked Hours/w: N/A
  • Inventory Included: Yes
  • Inventory Value: $12,000
  • Real Estate Available: Yes
  • Real Estate Included: No
  • Real Estate Value: $340,000
  • FF&E Included?: Yes
  • FF&E Value: $32,000

Real State Description

  • Available for lease or purchase

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Business Listed by Sunbelt of Des Moines
Contact
Matthew Ashburn
Listing ID
ANKENIA001-46827
Office Phone (515) 964-5431

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