Profitable European Restaurant & Lounge For Sale Businesses For Sale in Iowa,United States at FranchiseLeader.com - Buy Franchises, Sell Franchises, Franchise Businesses for Sale

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Profitable European Restaurant & Lounge For Sale

Location  Iowa,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $639655
Net Profit / Cash Flow  $168000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2009
Number of Employees  20 - 34
Inventory  120000
Relocatable  No
Number of Employees  20 - 34
Real Estate  Owned
Training  Seller will provide training
Reason for Sale  Relocation
Description  Business Summary: Very profitable, well known, established restaurant located in Central Iowa. The menu is filled with European favorites such as pastas and pizza as well as unique home-made entrees. If American fare is more to your liking you can try one of many deluxe sandwiches including mouth-watering burgers. Appetizers and salads also are available plus a full kids' menu. The lounge is a must see with its unique d‚cor. The bar is fully stocked with a wide variety of liquors, beers, and wine. A training and transition period is included as well. This is a ready to go, turnkey operation in which a new owner can begin reaping profits immediately. Opportunities: Currently only open for dinner six days a week, the restaurant hours can be expanded to include lunch and Sunday service. There is room for parties or special events and a catering business can be developed in the area. Organization & Staff: Hours are 4:30 p.m. to 10pm Monday thru Thursday, 4:00 to 10 .m. Friday and Saturday. The restaurant is closed Sundays. Current staff consists of 28 part-time and four full-time employees. This is a loyal staff that would be willing to stay with the new owners. Location and Facilities: The restaurant is located in a vibrant community in Central Iowa and caters to families, businesses, and tourists. There are several large industrial businesses in the area that attract travelers from around the world. In addition, the city is home to a popular college and hosts events and festivals all year long to attract tourists. Well maintained real estate (38,400 sq. ft.) is being offered along with this business at a price of $550,000. Facility can be leased as well should a buyer choose to purchase the business only. Lease rate of $5750/month.
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