Long-Established, Family-Owned Cafe'/Restaurant For Sale - 11498

Price
$290,000
Location
Industry
Category
Cafe'/Restaurant
Description

Turn-key, family owned Café/Restaurant just west of the Twin Cities for sale. Established location that has been in operation for over 20 years. The current owner runs the business absentee and has dedicated staff in place. Open for breakfast & lunch seven days/week from 7am-2pm. This is a solid investment for a part-time/absentee owner or a hands-on owner that could expand operations and increase revenues. 2021 revenues were approximately $600K with passive owner’s net income of $145K. This opportunity is only available due to owner retirement. Priced very attractively at $290,000 which is only 2X the owner’s profit. The price includes inventory, furniture, fixtures and equipment. 

Listing ID
11498
Value From Year
2021
Cash Flow
$147,977
Gross Sales
$595,487
Reason for Selling
Other Interests
Value Of Real Estate Included
No
Value Of Equipment Included
Yes
Years Established
20

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