Profitable Bar, Grill Casino

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45 years of operation.
Asking Price:
$1,650,000

Gross Revenue:
$900,000
Cash Flow:
$181,320
EBITDA:
$221,820
Inventory:
$13,500
not included in asking price

FF&E:
$25,000
included in asking price

Real Estate:
$675,000
included in asking price

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Business Description

The Rustic Hut is one of the largest bars and grills in the Bitterroot Valley of Montana.
The operations have been in existence since 1973. The business consists of two full bars, stage, dance floor, full kitchen, four bedroom apartment and a one bedroom apartment along with a detached 26' x 44' shop. The business generates nearly $1 million in total revenue per year with a approximately a 10+% capitalization rate.

Business History:
The Rustic Hut was established by long time Florence business people, Fred and Dorothy Peters, in 1973. The Peters Family owned a number of successful businesses along the 93 strip in Florence over the decades with the Rustic Hut being the longest lasting and most successful. Today it is operated by one of Fred and Dorothy’s daughters who has owned and operated the business since 2003. The current owners sold the business on contract in 2007. Unfortunately, the buyer’s health prevented him from completing the sale and Dottie Lees Peters took control of operations in 2011.
Currently the Rustic Hut is one of three operating bar/grills in the Florence market and it commands a significant market share. They operate a successful restaurant out of the kitchen inside the bar with excellent food selections including wings, pizza and prime rib.

About the Business

Year Established:
1973
Number of Employees:
5
Real Estate:
Owned
Building Sq. Ft.:
5,252
Facilities:
PHYSICAL DISCRIPTION:
The property consists of the bar/grill structure which includes two separate bars, four bathrooms, dance floor and full service kitchen on the main level and the balance of the 5200+ square foot building is occupied by a large apartment over the bar and a smaller living unit attached on the lower level. There is a large garage 40’x50’shop that was constructed in 1975 and a 26’x 44’ garage built in 1988. These structures sit on 1.36 acres fronting U.S. Highway 93 which runs from Canada to Mexico along the Rocky Mountain Front.
Website:
adepthome.com/rustic-hut
Market Outlook/
Competition:
This is one of the most successful taverns in the entire valley and has been for decades. A new bar grill just came into the Florence market.
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About the Sale

Reason For Selling:
The current owner is looking to retire.
Training/Support:
Training is available by agreement.
Seller Financing:
TBD

Listing Info

ID:
1582855
Ad Detail Views:
0

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Business Listed by

Craig Siphers

EXIT Realty Bitterroot Valley, Inc.
License# 5636

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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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