Profitable Restaurant and Catering Business in Redfield, South Dakota
South Dakota | Listing ID: 56855 | Restaurants, Food and Bars
Business Asking Price:
$300,000
Real Estate Asking Price:
$200,000
Revenue:
$916,170
Down Payment:
$30,000
SDE:
$166,247
Industry:
Restaurants, Food and Bars
Listing ID:
56855
Year Established:
1964
Employees:
2 Full-time, 30 Part-time
Business Description
For over 60 years, this beloved family restaurant and catering business has been a cornerstone of Northeastern South Dakota. Dine-in services operate daily, along with take-out and catering orders.
The restaurant provides an atmosphere of home cooked meals. Its take-out and catering capabilities combine tradition and convenience by servicing area weddings, graduations, birthdays, picnics, funerals and reunions.
Key Features:
- Includes Real Estate: Utilize cash flow of the business to fund the real estate investment.
- Convenient Location: Located on major highways and limited competition provides consistent cash flow for a new owner.
- Existing Employees: Trained staff for daily operations. Owner willing to help in training and transition.
- Trusted Legacy: A proven history of success with deep community ties.
- Growth Opportunities: Take-out and catering orders have the potential to increase with marketing programs and online ordering capabilities. Also, additional food services would bolt on for cross-selling.
Whether you're an existing food-related business looking for expand, or an entrepreneur looking for a new pace of life, this business is an unmatched opportunity.
Interested buyers should have approximately $30,000 in available capital for the down payment.
Listing ID: 56855
Detailed Information
Listing Agent(s):
Ben Smith, Jill TenHaken
Location:
South Dakota
Industries:
Restaurants, Food and Bars
Business Asking Price:
$300,000
Real Estate Asking Price:
$200,000
FF&E Value:
$128,000(Included in Asking Price)
Reason for Selling:
Retirement
Seller Financing Available:
No
SBA Financing Available:
Yes
Real Estate Status:
Owned
Real Estate for Sale:
Yes
Real Estate Size (sq. ft.):
10,504
Inventory Value:
$20,000(Included in Asking Price)
Year Established:
1964
Franchise:
No
Employees:
2 Full-time, 30 Part-time(Number of Full Time Employees: 2 (Owners))
Relocatable:
No
Home-Based:
No
Absentee Owner:
No
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