Successful Well Established Indian Restaurant In Springfield Missouri For Sale

Business description

For sale is an authentic Indian restaurant, serving quality North Indian cuisine to an extremely loyal following in the Ozarks of Missouri. Considered some of the best food in the area, the business has received awards for its value (417 Awards) and significant recognition for its work in the community (Joplin tornado relief and work with local food banks). The restaurant has been successful in Springfield for over 10 years now, and is located in a free-standing, well-trafficked area.
The main reason to be interested in the business is that it is the only Indian restaurant in the city, with a population of 436,712 in the Springfield Metropolitan Area. This means that the only competition will be restaurants in an entirely different food category.
Also important is the enormous potential for growth. Sales have been on an upward trend over the last few months due to new marketing techniques (web, Facebook, email, text messaging). These vehicles can help you keep these thousands of saved customers coming back. There is also a large party room with bar area that has essentially gone unused during these 10 years. With effective promotion, developing this third of the restaurant could skyrocket sales that have already eclipsed $57,500/month. Cash flow is positive and has hit $15-20k in recent months.
The owner has another restaurant and many relatives in Boston, so is looking to return with his family. He has made this Springfield restaurant successful and is ready to move on.
The asking price for these assets is $295,000, all in cash. This includes all inventory, equipment, and most importantly- the established brand name of the restaurant that you can take over. The head chef and owner, as well as the marketing manager will help transition you into making this venture as smooth as possible.

Property information

Real Estate:

Lease

Location:

Restaurant is stand-alone and located near the intersection of two major roads. Parking lot can hold 70 cars.

Premises details:

6800 sq. ft is leased for $8,500. There are two separate eating areas, with the private area seating 60 and is equipped with an HD projector system for business meetings/TV/movie watching. Also included is an extensive kitchen, large walk-in freezer, storage rooms, and two sets of bathrooms.

Other information

Expansion potential:

Potential could be high, making use of the unused bar area and utilizing already built marketing lists.

Competition / Market:

Only Indian restaurant in the area- no competition in food category.

Support & training:

Two weeks of training will be provided by the owner/head chef as well as marketing manager.

Reasons for selling:

Owner has another restaurant and all relatives in Boston.

Trading hours:

Currently open 11-3 and 5-9pm. New owner may be able to benefit from staying open all afternoon.

Financing available:

Reasonable offers will be considered.