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Restaurants & FoodFor Sale

Established Full-Service Restaurant with Proven Local Following in Springfield, ND

Springfield, North Dakota

About This Business

This well-established restaurant has been a cornerstone of Springfield's dining scene since 2004, generating impressive annual revenues of $806,806 with a healthy cash flow of $100,224. The business boasts a loyal customer base built on quality food, exceptional service, and strong community relationships. With 15 dedicated employees, the operation runs efficiently and is well-positioned for continued success under new ownership. The restaurant operates a comprehensive menu appealing to diverse tastes and occasions, from casual dining to special events. The space is fully equipped with commercial-grade kitchen equipment, comfortable seating, and an inviting atmosphere that keeps customers returning. The owner has maintained excellent supplier relationships and established operational systems that ensure consistent quality and profitability. This is an ideal acquisition for experienced restaurant operators or entrepreneurs seeking an established business in a stable market. The transition is straightforward, with the current owner available for a training period. The owner is selling due to relocation but leaves behind a thriving, cash-flowing business ready for immediate operation under new management. Don't miss this opportunity to own a proven restaurant success story.

Financial Details

Asking Price
$500,000
Cash Flow
$100,000
Gross Revenue
$805,000
EBITDA
$80,000
Inventory
N/A

Business Details

Established
2004
Employees
15
Real Estate
Included in Price
Reason for Selling
Relocating
Financing
Yes
Training
Yes

Deal Analysis

Estimated figures for analysis purposes only. Consult a financial advisor.

Price/SDE Multiple
5.0x
Price/Revenue
0.6x
DSCR
1.59
Cash on Cash ROI
-45.4%
Down Payment (SBA 10%)$50,000
Loan Amount$450,000
Monthly Payment$5,225/mo
Annual Debt Service$62,699
Owner Salary$60,000
Cash Flow After Debt + Salary$-22,699
Asking Price
$500,000
Cash Flow: $100,000

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