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Black Hills Restaurant & General Store Prime Real Estate for sale in SD

South Dakota (SD)

Asking Price: Gross: Cash Flow:
$ 1,200,000 $ 1,373,797 $ 253,156

Furniture and Fixtures Value:
$ 164,475 (included in the asking price)

Inventory Value:
$ 174,401 (not included in the asking price)

Real Estate:
$ 1,000,000 (included in the asking price)

Business Summary:
Own a piece of history! This business is roughly 70% restaurant and 30% C-store/gift shop with a little gas and lodging thrown in the mix. It has been around for many years and is a favorite, well-known Black Hills attraction among tourists and local alike. The scratch kitchen is renowned for their recipes and down-home style. There is little staff turnover, and the long-term manager would like to stay for a new owner. A large portion of yearly sales occur in the summer months as with any Black Hills tourist business.

 

   
Year Business was Established: 2006
   
Number of Employees: 18 FT/18 PT  
   
Facilities / Terms of Lease: The original building has been added on to several times over the years. The restaurant includes ample seating that is bolstered by a large outdoor space that is open in the warmer months. The beautiful property is in a prime location and has room for the business to expand if a new owner wants. Adequate parking makes it easy for the 1.5 million tourists that drive by annually to stop.  
   
Potential Growth/Expansion: This is a profitable, turn-key operation with room to grow. Renovations could provide for expanded seating indoors and outdoors for the restaurant, and catering could always grow by adding more equipment and staff. The online presence could be enhanced to drive more customers. Snowmobile, ATV/UTV, and horseback riding are all in nearby but have not been capitalized on.  
   
Competition: There is very little competition nearby. The business is extremely busy during tourist season that lasts from mid-Spring through late-Fall. It remains open year-round with limited hours in the winter. This is an extremely busy part of the Black Hills, but, due to Real Estate covenants, the number of commercial properties such as this are very limited in the area.  
   
Owner willing to finance: $1,080,000 Down/$120,000 Over 72mos. @ 5%.  
   
Owner willing to train: Willing to train for 4 weeks @ $0 cost.  
   
Reason for selling: Owner is moving. Long-time, hands-on general manager would like to stay for a new owner.  
   
Seller Reference Number: 5401-16276
BusinessMart.com Listing Number: 268304
 

 

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For more info contact:

Craig Sanford

Murphy Business & Financial Services
727-725-7090

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