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Restaurants & FoodFor Sale

Established Full-Service Restaurant & Bar in Historic Downtown Franklin, Iowa

Franklin, Iowa

About This Business

Discover a thriving culinary destination in the heart of Franklin, Iowa's vibrant downtown district. This well-established restaurant has been a beloved community gathering place since 1998, generating impressive annual revenues of $2.68M with solid cash flow of $192K+. The business features a full-service dining room, well-stocked bar, and commercial kitchen equipped to handle high-volume operations. With a loyal customer base built over 25+ years, this establishment benefits from strong local recognition and repeat business from both residents and travelers. The current owner is transitioning to pursue new business ventures and is offering this turnkey operation to a qualified buyer ready to capitalize on an established brand and proven operational framework. Ideal for an experienced restaurant operator or entrepreneur seeking immediate cash flow and market presence in a tight-knit Iowa community.

Financial Details

Asking Price
$770,000
Cash Flow
$190,000
Gross Revenue
$2,675,000
EBITDA
$155,000
Inventory
N/A

Business Details

Established
1998
Employees
22
Real Estate
Included in Price
Reason for Selling
Moving to other ventures
Financing
Yes
Training
Yes

Deal Analysis

Estimated figures for analysis purposes only. Consult a financial advisor.

Price/SDE Multiple
4.1x
Price/Revenue
0.3x
DSCR
1.97
Cash on Cash ROI
43.4%
Down Payment (SBA 10%)$77,000
Loan Amount$693,000
Monthly Payment$8,046/mo
Annual Debt Service$96,556
Owner Salary$60,000
Cash Flow After Debt + Salary$33,444
Asking Price
$770,000
Cash Flow: $190,000

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