|
Businesses For Sale > Business For Sale in Inkom, Idaho (ID)
El Rancho Cafe for sale in Inkom, ID
Inkom, Idaho (ID)
| Asking Price: |
Gross: |
Cash Flow: |
| $ 350,000 |
Undisclosed |
Undisclosed |
Furniture and Fixtures Value:
$ 45,000 (included in the asking price)
Inventory Value:
$ 5,000 (included in the asking price)
Real Estate:
$ 300,000 (included in the asking price)
Business Summary:
The El Rancho has been a long established restaurant and bar serving Bannock County for generations. The previous owners lost track of the food side of the business and did not promote a strong and viable customer package. In late 2008, El Rancho was taken over with the intent of creating a destination package that would feature a generous menu with excellent service and promote a modern lounge with new décor, new lighting, four modern and spacious ADA bathrooms, 33 degree 8 tab beer, professional grade pool tables, and an outdoor deck that overlooks the professional horseshoe field. In December of 2008, the new El Rancho was introduced to the market and has now posted stronger sales in the first month of business than the old owner’s three year history had been.
El Rancho serves customers that include travelers from Utah on Interstate 15, downhill skiers, snowmobilers, cross country skiers, road bikers that enjoy the friendly-clean environment (the horse shoes are just a plus), construction workers, locals and is a destination draw for customers from Pocatello. The Owner’s focus is to develop a family destination with no smoking, a clean atmosphere and excellent service. The new El Rancho has only been operating for 2 months and is meeting the needs of a very diverse customer base.
|
|
|
| |
|
| Year
Business was Established: 1948 |
| |
|
| Number of Employees:
12 |
|
| |
|
| Facilities / Terms of Lease:
The 3,600 square foot commercial building is located on 175 feet of Highway 30 frontage on ½ acre. There is parking in the front and plenty of parking to the rear. Four modern, completely remodeled ADA restrooms have auto lights-water and tile!! The El Rancho still has the hitching post for the Rancher that is after a cold one or a real burger!!. Inkom, Idaho (population +/- 800), is located 15 miles south of Pocatello. From the deck of the restaurant you can overlook the Portneuf Valley and look upon Pebble Creek ski hill. Southern Idaho’s economy has encountered the national trend; construction-farming-ranching are the core fabrics of the economy and seem to be weathering the BUMPS in the road. |
|
| |
|
| Potential
Growth/Expansion:
El Rancho has established the basis for operation of the restaurant and bar. The Owners have committed to develop an operation process; this is an exceptional opportunity for an owner that has worked in the food industry. The Owners are selling assets and will carry a contract at a very attractive 5% interest rate for a qualified buyer. The requirements are to have $50,000 down payment and then have an additional $25,000 for working capital. Based on the list price, the debt service would be +/- $25,000/year. The long term return on investment or a working owner-manager would be exceptional and you would BE YOUR OWN BOSS!! |
|
| |
|
| Owner
willing to finance:
Seller will finance with $50,000 down payment |
|
| |
|
| Reason for selling:
The operation side of the business is complete - the Owners do not want to be the operators nor do they want to employee someone else. The decision is to sell the assets and let the new owner grow El Rancho; the foundation for a long term establishment h |
|
| |
|
Seller Reference Number: SP4048
BusinessMart.com Listing Number: 59072 |
|
|
To request more information
on this business
please fill out the form shown right 
|
|
|
For
more info contact:
Arthur J. Berry, Broker
Arthur Berry & Company
208-336-8000
|
|
