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Restaurants & FoodFor Sale

Established Farm-to-Table Restaurant in Springfield, Iowa - Profitable Dining Destination

Springfield, Iowa

About This Business

This well-established restaurant has been a cornerstone of Springfield's dining scene since 2006, generating impressive annual revenue of $845,633 with strong cash flow of $120,804. The business operates with a lean, efficient team of 7 dedicated employees who have built lasting relationships with the community and regular clientele. The operation demonstrates proven operational excellence and consistent profitability over nearly two decades of successful service. The restaurant features a warm, inviting atmosphere that appeals to both local residents and visitors seeking quality dining experiences. With a diverse menu and reputation for excellent service, the business has established itself as a destination restaurant in the Springfield area. The location benefits from steady foot traffic and strong community support, evidenced by its longevity and sustained financial performance. This is a rare opportunity to acquire an established, cash-flowing business in a growing market. The current owner is seeking to pursue other ventures and is motivated to transition the business to an experienced operator. The asking price of $377,515 represents an attractive valuation for a profitable, turn-key restaurant operation with loyal customers and a proven business model.

Financial Details

Asking Price
$380,000
Cash Flow
$120,000
Gross Revenue
$845,000
EBITDA
$95,000
Inventory
N/A

Business Details

Established
2006
Employees
7
Real Estate
Included in Price
Reason for Selling
Other ventures
Financing
Yes
Training
Yes

Deal Analysis

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

Price/SDE Multiple
3.2x
Price/Revenue
0.4x
DSCR
2.52
Cash on Cash ROI
32.5%
Down Payment (SBA 10%)$38,000
Loan Amount$342,000
Monthly Payment$3,971/mo
Annual Debt Service$47,651
Owner Salary$60,000
Cash Flow After Debt + Salary$12,349
Asking Price
$380,000
Cash Flow: $120,000

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