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Businesses for Sale: Listing Details

 
RESTAURANT - #5244
Seller: Attn: Roy Huffman
Location: Des Moines, IA, USA
Listing Number: "5244"


Asking Price: $1,100,000 USD USA Dollars
Industry: Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling: Other interests.
Year Established: 1989
Number of Employees: 67FT
Yearly Revenue: $1,495,430
Yearly Cash Flow: $83,307

Overview:
One 6,200 square foot steak house franchise restaurant and a separate 5,100 foot Sports Bar and Grill facility on the same prime real estate location. The lot is .79 acres and is located near a major intersection. The lot is near a huge Wal-Mart warehouse with 1,000 employees and across the street from a new Wal-Mart Super Store and other businesses as well as being near 4 motels. The family style steakhouse is popular among the local clientele and has very little competition in the area. It operates absentee with one manage, one assistant manager, 4 supervisors, and 47 employees. The franchise agreement expires March 2008 and can either be renewed or a new owner could opt not to renew the franchise, change the name to a private entity steak house and save the $35,000 currently being paid in royalties to the franchisor. The sports bar is popular with locals and has little competition. It operates absentee with one manager, 3 supervisors, and 18 employees. Busy traffic count on a business by pass. Mid-western city with 8,700 residents along with a good rural population count. Great location less then one hour from a major University city.

Property Features and Assets:
Real Estate: $1,100,000 Included in asking price. Furniture, Fixtures, and Equipment: $539,682. Included in asking price. Inventory: $25,000 Included in asking price.

Additional Details:

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