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Businesses For Sale > Business For Sale in O\'Fallon, Missouri (MO)
St. Louis Family Restaurant-Full Service for sale in O\'Fallon, MO
O\'Fallon, Missouri (MO)
| Asking Price: |
Gross: |
Cash Flow: |
| $ 450,000 |
$ 830,000 |
$ 211,000 |
Furniture and Fixtures Value:
$ 35,000 (included in the asking price)
Inventory Value:
$ 4,000 (included in the asking price)
Business Summary:
Successful Full Service Family restaurant providing lunch and dinner offerings for 14 years in a high growth area. Seating capacity is 175 in dining room area and 110 in two(2) banquet rooms. The lunch and dinner menus are American Cuisine in addition to small offerings of Italian and Mexican. A children\'s menu along with plate dinners, side dishes and sandwiches round out an 80% food and 20% beverage mix. Liquor sales are less than 5%. Banquet rooms have repeat bookings from local Lions and Kiwanis club monthly meetings. Loyal clientele of families with children, empty nesters, baby boomers and retirement patrons represent current and future market for growth.
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| Year
Business was Established: 1994 |
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| Number of Employees:
15 |
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| Facilities / Terms of Lease:
Full Service family restaurant with over 7,500 sq ft capacity including full service kitchen, dining room and 2 banquet rooms. Lease facility attached to small multi unit retail shopping mall with ample parking. Current lease expires April 2009, with short and long term options for new owners. In addition to dining furniture and kitchen applicances, a new operations computer is included. |
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| Potential
Growth/Expansion:
Growth opportunities include adding breakfast menu and increasing weekly lunch patrons. |
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| Competition:
Restaurant is one of 4-5 other family full service restaurants in a city population of 70,000 +. The other family full service restaurants are franchises with regional and national exposure. Location is very accessible from key business street supporting retail, distribution, churches, financial services and other service oriented type businesses. Quick access to and from major interstate through the county and state. |
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| Owner
willing to train:
Seller includes 2 brothers who will assist new buyer for 30 days following sale. |
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| Reason for selling:
Pursue other family interests. |
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Seller Reference Number: 2008-09
BusinessMart.com Listing Number: 66144 |
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To request more information
on this business
please fill out the form shown right 
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For
more info contact:
Denny Wiggim
Midwest Alliance Group, LLC
636-544-3623
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