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Restaurants & FoodFor Sale

Springfield's Premier Farm-to-Table Restaurant & Catering Hub

Springfield, North Dakota

About This Business

Established in 2016, this thriving full-service restaurant has become a cornerstone of Springfield's dining scene, generating an impressive $2.17M in annual revenue. Located in a high-traffic area with excellent visibility, the business operates an 8-person team that efficiently manages both dine-in and catering operations. The restaurant features a well-designed kitchen equipped with modern appliances, comfortable seating for 45 guests, and a reputation for locally-sourced, seasonal menus that appeal to the community's growing food-conscious demographic. The business demonstrates strong financial performance with $181,165 in annual cash flow, reflecting solid operational efficiency and customer loyalty. The established customer base includes regular diners and corporate catering clients throughout the region. The location benefits from minimal competition in the upscale casual dining segment and excellent proximity to local farms and suppliers. The current owner is seeking to pursue additional ventures and is offering this profitable operation at $754,858. This represents an exceptional opportunity for entrepreneurs seeking an established, cash-flowing business with significant growth potential through expanded catering services or additional revenue streams. All equipment, furnishings, and operational systems transfer with the sale.

Financial Details

Asking Price
$755,000
Cash Flow
$180,000
Gross Revenue
$2,175,000
EBITDA
$145,000
Inventory
N/A

Business Details

Established
2016
Employees
8
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
4.2x
Price/Revenue
0.3x
DSCR
1.90
Cash on Cash ROI
33.5%
Down Payment (SBA 10%)$75,500
Loan Amount$679,500
Monthly Payment$7,890/mo
Annual Debt Service$94,675
Owner Salary$60,000
Cash Flow After Debt + Salary$25,325
Asking Price
$755,000
Cash Flow: $180,000

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