Eastern Europe traditional restaurant for sale in Thurstan County which has ten plus years at this location. New carpet with loyal customer base will ensure smooth transition. Plenty of parking and dining area. Room for a private dining room for special events or sport team functions. Simple menu with affordable rent with high margins. Restaurant would be able to be easily switched to different menu or theme. Large military customer base. Lunch is affordable and draws in lines during lunch. Easy to serve as take-out. Update to website, online ordering, and social media focus would increase sales. Seller has consistently made $150,000-$200,000 per year in SDE for a consistent amount time since pandemic.
- Asking Price:
- $95,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $500,000
- Cash Flow:
- $179,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Monthly Rent: $3,200.00
Square Units (Foot, Meter): 1,800
Lease Expiration Date: January 1, 2027, 12:00:00 AM
- Premises Details:
-
FF&E Overview: New Carpet, chairs, and most tables. Racking in kitchen.
FF&E General Condition: New
Business Operation
- Expansion Potential:
-
Introduction to social media, online ordering, and a new web page would help re-introduce restaurant to the area. Rely heavily on the military community. Has kept prices affordable to keep clientele, but with a re-fresh of the menu, a price increase would be justified. Hours are reduced because owner has been trying to retire since pandemic. Hiring and training a staff would help increase the growth in sales at location.
- Competition / Market:
-
No or very limited competition for the traditional European restaurant. In addition to being very unique, the price point attracts customers because the prices are very affordable.
- Reasons for selling:
-
Owner Retirement
- Trading hours:
-
Mon-Sat 11:30AM - 8:30 PM
- Employees:
- 4
Other Information
- Support & training:
-
Number of Weeks Seller Will Offer Training: 2
- Furniture / Fixtures value:
- $7,000 - included in the asking price
- Inventory / Stock value:
- $2,500 - included in the asking price