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Asking Price$199,000
Revenue$254,300 EstablishedUndisclosed
Cash Flow$57,000 EmployeesUndisclosed
FF&E$59,125* FranchiseNo
InventoryUndisclosed RelocatableNo
Real Estate$167,030* Home-basedNo
* Included in Asking Price

This is a unique opportunity to own a popular diner restaurant with a great location in the  north-central Iowa town of Humboldt (population 6,300+). The current owner established Back Seat Diner in 2003, but must sell the restaurant in order to relocate to another state to be with his family (wife's job advancement necessitated move). Located on Highway 169 in the heart of Humboldt, this fully furnished diner attracts customers locally and from surrounding communities.

Back Seat Diner is "family friendly", open 6 AM to 8 PM daily, and offers a full menu including Breakfast, Burgers & Fries, Sandwiches, Salads, Dinners, Kids Menu, Sides, Coffee & Soft Drinks, Premium Shakes, Malts and Sundaes, Ice Cream and Baked Goods. With over 1,700 square feet of space, the restaurant seats 69 inside, plus 9 outside car ordering stations. There is 11,850 square feet of paved parking on the 0.63 Acre lot.

This is a turnkey business with full and part time employees in place. Multiple growth opportunities exist for a new owner-operator to pursue. The owner is highly motivated, as his family says, "Sell it now...we want you back home!" Therefore, he is offering the business for quick sale at only $199,000, which includes all real estate, furniture, fixtures and equipment (FFE). The land and building alone  have a 2016 assessed value of $167,030, plus the FFE have an estimated Fair Market Value of $59,125.

Contact Sunbelt soon, as this listing won't last long at this incredible price.

Required Licenses: Business, Health
Training/Support:Seller will negotiate a transition period
Seller Financing:Seller will consider some financing for a qualified buyer
Sale Reason:Relocation
Ad #86625
Seller Reference #ANKENIA001-N531
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Contact This Seller
Roger Hutson
(515) 964-5431
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