ICONIC Family-Style Restaurant in Popular Downtown Stillwater For Sale - 11513

ICONIC Family-Style Restaurant in Popular Downtown Stillwater For Sale - 11513

Location
Industry
Category
Restaurants/Cafes
Price
$325,000
Description

Iconic family-style restaurant & café located on the main street in popular downtown Stillwater in close proximity to the lift bridge and the new plaza being built. This location has been in business under the current ownership for over 33 years! They serve breakfast and lunch items 7 days a week from 8am – 2pm (six hours a day)! They have a great mix of loyal local customers and individuals visiting this destination area. Great opportunity for an owner-operator to capitalize on a great location in a growing area. New hotels, apartments and condominiums are currently under construction in the immediate vicinity of this business. Heavy traffic area, clean restaurant and fully staffed. 2021 revenues exceeded $370,000 with an adjusted net income of $128,029. 2022 is on track to do the same. This opportunity is only available due to owner retirement. Asking price of $325,000.

Listing ID
11513
Value From Year
2021
Cash Flow
$111,442
Equipment Price
$60,000
Gross Sales
$426,764
Reason for Selling
Retiring
Value Of Real Estate Included
No
Value Of Equipment Included
Yes
Years Established
40
Full Time Employees
5
Part Time Employees
3

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