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Profitable Café Restaurant with a Great Reputation for sale in IA

Iowa (IA)

Asking Price: Gross: Cash Flow:
$ 199,000 $ 595,223 $ 114,448

Furniture and Fixtures Value:
$ 100,000 (included in the asking price)

Inventory Value:
$ 7,500 (included in the asking price)

Real Estate:
$ 130,000 (not included in the asking price)

Business Summary:
Very profitable cafe style restaurant with a great reputation for 20 plus years in a beautiful community. Perfect type restaurant for individual desiring evenings off and most of the weekends off since they are only open Monday through Saturday 6am - 2pm. Seller is willing to finance up to 20% of purchase price.

 

   
Year Business was Established: 2003
   
Number of Employees: 10FT/0PT  
   
Facilities / Terms of Lease: Restaurant seats 80 and has plenty of parking with an adjacent parking lot and street parking on two sides. The dining area and kitchen were designed to efficiently serve up to 400 meals per day.  
   
Potential Growth/Expansion: A new buyer could add Sunday service and substantially increase sales and bottom line since Sunday service is in high demand.  
   
Competition: There are many restaurants in the surrounding area, but only two serving full breakfast menus and this restaurant has the best reputation by far.  
   
Owner willing to finance: $159,200 down/$39,800 over 24 mos. @ 6%.  
   
Owner willing to train: Will train for 2 weeks @ $0 cost.  
   
Reason for selling: Retirement.  
   
Seller Reference Number: 5002-16613
BusinessMart.com Listing Number: 273648
 

 

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For more info contact:

Evelyn Correa

Murphy Business & Financial Services
727-725-7090

CONTACT SELLER

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