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BUSINESS FOR SALE - PROFILE #  148

Land, building, cell tower, & 7,000 sq ft building
Southern Wyoming

Asking Price: $800,000   Down Payment: $800,000  
Gross Revenue: $863,215   Adj. Cash Flow*: $180,979  
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Executive Summary

Seller willing to carry note for qualified buyer with an adequate down and
cell tower under separate corporations.  The 7,200 square foot building
sitting on 5 acres is currently housing a great restaurant which serves
dinner only 6 nights a week.  This one-of-a-kind restaurant and steak house
has been newly renovated, has made history, and has a warm, family
atmosphere.  It is the original steak house in the area and has been in
operation at its current location since 1958.   Steak and seafood are their
specialties.  There is an extensive wine menu with full liquor (there are
only 2 in the county).  They offer entertainment on the weekends which
includes dancing.  Their nicely done website gives their menus.  They can
seat up to 220 guests and offer personalized menus for special events and
parties.   The kitchen is to die for!  All state-of-the-art appliances and
arranged in a manner that is conducive to making the most of food
preparation.  The building could be used for anything besides a restaurant
and is along I-25.  This is a great opportunity for someone!  Don't wait!

Acquisition Highlights

  • Seller willing to carry note for qualified buyer with an adequate down and cell tower under separate corporations. The 7,200 square foot building sitting on 5 acres is currently housing a great restaurant which serves dinner only 6 nights a week. This one-of-a-kind restaurant and steak house has been newly renovated, has made history, and has a warm, family atmosphere. It is the original steak house in the area and has been in operation at its current location since 1958. Steak and seafood are their specialties. There is an extensive wine menu with full liquor (there are only 2 in the county). They offer entertainment on the weekends which includes dancing. Their nicely done website gives their menus. They can seat up to 220 guests and offer personalized menus for special events and parties. The kitchen is to die for! All state-of-the-art appliances and arranged in a manner that is conducive to making the most of food preparation. The building could be used for anything besides a restaurant and is along I-25. This is a great opportunity for someone! Don't wait!
  • Tuesday-Saturday 5 PM to 2 AM Serving dinner, weekdays until 9 PM and weekends until 10 PM
  • During the renovation period business was non-existent but has rallied to even better than it was before. The Broker does have tax returns for 2012, 2011 and 2010 but felt that having the actual period of operation was a better analysis.
  • Located just outside the city limits of the nearest town. This 7000 square foot restaurant having been newly renovated and seats up to 220, has 2 separate dining rooms in addition to the main dining room and bar area. The equipment is very new and is very well maintained.
  • This restaurant actually began in the late 1800's in another location and through the years was moved to its current location in 1958 where it remains. They have a great menu and cater to the steak and seafood lovers all around. Some of their customers have even changed their plans just to come to this restaurant to eat on their way to other destinations. That says a lot!
  • Financing Information:  Seller willing to carry note for qualified buye
  • Training Information:  4 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1958 Inventory: $20,000 Included
Employees: 3 FT, 21 PT Furniture, Fixtures & Equipment: $130,702 Included
Real Estate: $690,000 Included
Building Sq Ft: 7200
    Total Assets Included in Sale: $1,140,702
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Marcie Woolworth
Phone:  (970) 566-3365
Fax:  (866) 586-9751
Other:  (970) 566-3365
E-mail:  marcie@woolworthandcompany.com
We-R Business Brokers
1433 West 29th Street
Loveland, CO 80538
www.we-rbusinessbrokers.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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