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Breakfast-Lunch Restaurant W/Living Quarters

RestaurantsFor Sale in Eureka Springs, AR

Listing ID: 1878181 | Broker Listing ID:

Financial & Assets Details

About the Business

Yes
2013

Business Description

Eureka Springs Icon - Restaurant currently run by semi-absentee owner generating good profit serving breakfast and lunch only. Sales for 2021 are on track to meet or exceed 2019.
Adding Dinner during the long tourist season could add $200-250K in sales and $50K to the bottom line.

Beer and Wine Permit

Current employees ready to stay.

Real Estate with living quarters and office space included. New owner could use or rent for $7,500-10,000 per year.

PLEASE DO NOT TALK TO EMPLOYEES ABOUT BUSINESS/REAL ESTATE SALE.

Semi-absentee ownership.

Seller requires signed Non-Disclosure Agreement (NDA) to release financial and operational information.

Mary Lovelady 479.689.4455 Ext 12.

Growth & Expansion

Adding dinner could increase sales by 30-50%. Adding hours/days also would increase sales.

"The fastest-growing counties and metropolitan area in Arkansas over the
past decade were in the state's northwest region, according to data released
Thursday from the U.S. Census Bureau.

Benton County had the state's fastest growth, with its population increasing
by 28.5% since 2010 to 284,333. The second fastest growing, Washington
County, saw its population increase by about 21% to 245,871.

The Fayetteville-Springdale-Rogers metropolitan area grew by 24.2% to
546,725. The region is home to the headquarters of Walmart and Tyson Foods,
as well as the University of Arkansas' flagship campus in Fayetteville."

Source AP News

Market Competition:

There appears to be a pent-up demand for tourist destination and restaurants in particular.

Location Details:

The facilities are on a main thoroughfare with a daily average traffic count of 6,600-9,300.

There is a new patio area, interior remodeled during pandemic, plenty of parking.

Living quarters are suitable for owner, renting or AirBnB.

Real estate included.

Support & Training

Most staff expected to stay. Transition training/support 2-4 weeks.

Reason for Selling:

Retirement Planning

Listing ID: 1878181

Contact Broker

AEGIS Business Brokers, LLC aegisbusinessbrokers.com/ Listings: 6(479) 689-4455 View My Listings

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