Wellington Brown’s Steakhouse & Lounge
Location: United States -> South Dakota -> Montrose
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Businesses for sale Summary
Wellington Brown’s Steakhouse and Lounge has established a reputation second to none serving the best steaks, chicken, and seafood. Wellington Brown’s was established in 1994 and the current owner(s) bought the business in May of 1997. With 10 years in the business, the seller(s) have perfected the service and atmosphere to present customers with a relaxing atmosphere and great food and service. The dining area holds 120 customers and is available for special events and occasions. The business is operated as Sole Proprietorship. Both owners work the business as manager, bartender, and cook. Wellington Brown’s employs 1 full-time cook and 8 part-time servers. All Furniture, Fixtures, and Equipment used in business operations is included in the sale. Three video lottery machines are leased with a 50/50 split after the state share is paid. Wellington Brown’s Steakhouse & Lounge is located at 101 East Main Street, Montrose, South Dakota. The land and building are in included in the sale for $55,000. The Seller(s) are involved in other business ventures and will assist a buyer through the transition. This 13 year old business has the reputation, customer base, and service to offer a new buyer with an attractive business opportunity. Contact for more information on this Steakhouse & Lounge for sale.
Financials
Asking Price Range: < $250K
Gross Revenues: $183,165
Cash Flow: $19,466
Cash Flow Type: Sellers Discretionary Cash
Inventory: $85,000
Seller Financing: Not Disclosed
About The Business
Year Established: 1997
Number of Employees: 6 – 9
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Owned
Property: Property For Not Applicable
