Family Restaurant - Summer destination

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Freestanding Building - 127 seating
Asking Price:
$99,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$15,000
not included in asking price

FF&E:
$100,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Price Reduced! Family Restaurant has been a
pillar in the Spooner Community since
2014 providing hearty meals in a relaxing
atmosphere to locals and tourists alike, 33 min SW of Hayward. Open to offers. Within walking distance of big retailers.
Serving breakfast/lunch/dinner
daily 7am to 8pm. Popular dishes include:
Chicken dumpling soup, burgers, Country
Fried Steak and cinnamon french toast.
Beer & Wine available. Nearby lakes,
trails and railroads. HWY 63 traffic counts
10,100 vpd. Owner has other interests at
this time. Staff 6 FT/3 PT. Sales continue to grow.
Business and equipment included in sale
w/ opportunity to purchase real estate for
an additional $525,000. .77 acres 55
parking stalls.
- Year built 1985 (formerly Hardees) and
remodeled in 2011
- Rent $3,200/month net (taxes $7,400
annually) tenant to maintain property.
- 3,964 sq. ft. / Freestanding building
- FF&E $100,000 / Seats 127
- Inventory $15,000 counted at closing and
not included in the asking price
Patron review: "Great atmosphere, great
service, good food, inexpensive prices"

About the Business

Year Established:
2014
Number of Employees:
6FT/3PT
Real Estate:
Owned
Building Sq. Ft.:
3,964
Facilities:
3964 sq. ft. freestanding building, .77 acres w/ 55 parking stalls
Market Outlook/
Competition:
Yes, but this is a great location near big retailers and lots of traffic
Growth & Expansion:
Opportunity for wholesale, catering and delivery growth and expanding on menu items.
Contact the Seller

About the Sale

Reason For Selling:
Other interest
Training/Support:
Negotiable
Seller Financing:
Open to offers

Listing Info

ID:
1596295
Ad Detail Views:
0

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Business Listed by

Dan McGuire

Hospitality Services Corp.

 Show Phone Number

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Sponsoring Broker:

Jerry Vlaminck
Hospitality Services Corp.

U.S. Census Data for Washburn County, WI
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Washburn County, WI
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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