Asking Price: $795,000

Gross Revenue: $350,000

Inventory: $10,000 (Not Included in Asking Price)

FF&E: $150,000 (Included in Asking Price)

Real Estate: $600,000 (Included in Asking Price)

Seller Financing: Real estate is owned by the shareholders and leased to the corporation. A sale of the business, with lease option to purchase the real estate would be considered by the owners.

Locally owned restaurant and banquet facility is geared to an old time railroad theme, with an actual vintage rail car incorporated into the purpose built building as part of the dining area. The restaurant is decorated with numerous train antiques and memorabilia and has seating for 170 in the upper level that includes a private dining room for up to 40, in addition to the railroad car; and can accomodate up to 300 in the banquet hall on the lower level which features a separate grade level entrance. There is a complete kitchen and prep area on the main level, and a smaller kitchen with cooking capabilities serving the banquet area. There are two bars, one on each level, which are operated under a Class "C" liquor license with Sunday Sales, Dance, Food and Outdoor Service permits, that would be tranferred to a new owner, pending MLCC approval. The current owners designed and built the structure and have operated the business for nearly 10 years. It is now time to slow down and turn operations over to a financial or strategic buyer who wants to acquire a first class facility with the ability to have two separate operations under one roof. Sellers will consider all proposals for sale.

Year Established: 1995

Employees: 4 full time - 7 part time

Facilities: A purpose built 8,000 SF two level building located on 2 acres, two asphalt paved parking lots with separate entrances for the restaurant as well as banquet hall. High visibility "country" location, just 1/2 mile from a major expressway.

Market Outlook and Competition: The market area continues to grow, with championship golf, auto racing and a new casino all currently operating or planned nearby. Competition is from the traditional "chain type" restaurants at nearby cities, but this is one of the only independent facilities in the area. The business needs new energy and ideas to gain market share. A great opportunity for an experienced food operator.

Management Training and Support: Sellers will train and orient a buyer in the business operations as necessary.

Reason For Selling: The sellers are nearing retirement, and want to divest of this operation that calls for daily management.