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American Restaurant And Steakhouse For Sale

Kansas City, Missouri
Asking Price:
$225,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$719,000 (USD)
Cash Flow:
$50,000 (USD)

Raving online reviews! Servicing, Northern Kansas, this full service American restaurant and bar, serves breakfast, lunch and dinner to individuals and groups. They're best known for their gourmet Burgers, Ruben Sandwiches and various steaks, seafood and alcohol. Offering these services requires equipment for cold storage of food and drinks, and commercial grade kitchen equipment for hot and cold food preparation, and staffed with personnel trained to prepare food, mix cocktails and to serve customers. The company has a proven track record, supported by testimonials written by many satisfied customers over the years. With its menu and reputation for hometown cooking, the company’s marketing efforts focus on individuals living in and visiting the local area. With a large customer base and solid reputation, the company continues to attract new customers with its fresh and up to date menus, while maintaining its reputation with existing ones. Food, Beer and Liquor licenses are required to operate this business.

Established over 60 years, this company has maintained a great reputation in the community. Today, approximately 80% of sales are dine-in, 20% carry out, with occasional catering requests, which a new owner would do well to increase efforts on. The facility is well taken care of with little to no cleanliness issues. The owner currently does a lot of promoting including 5 star rewards, constant contact, radio and print media. As the current owner approaches retirement, we're seeking a buyer with restaurant experience and good work ethic. With management already in place, this company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. For more information on this great restaurant, contact IAG offices today!

Property information

Real Estate:

Lease

Premises Details:

With 125 maximum occupancy, the 2,865 square foot facility includes the main dining room of 947 square feet, and the back room used for large groups and private parties. 1,120 square feet. Meanwhile the bar is 798 square feet. The Property is owned with an option to lease or purchase.

Business Operation

Competition / Market:

80% repeat clientele

Reasons for selling:

Approaching retirement

Trading hours:

Mon-Sat, 6am-9pm

Employees:
13
Years established:
60+

Other Information

Support & training:

The key employees will most likely stay on after the sale. The owner will be available for a reasonable transitioning.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Negotiable 10.00 %

Furniture / Fixtures value:
$120,000 (USD) - included in the asking price
Inventory / Stock value:
$15,000 (USD) - included in the asking price

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