105 W Main Street, Elk Point, SD

Retail for Sale - $370,000 - 3,600 Sq. Ft.


Agent Info

Mallori Hoffert
CENTURY 21 ProLink

Property Info

CIMLS#1084236
Location
  105 W Main Street
  Elk Point SD 57025
UpdatedOctober 12th, 2021
TypeRetail
Price$370,000
Building3,600 Sq. Ft.

Contact


Property Description

This is the building AND business sale. Long time, TURN KEY and profitable Mexican restaurant that has been well-established for 24 years in the Elk Point community at this location. This building sale includes all FF&E (furniture, fixtures & equipment) that has kitchen equipment purchased within the last 10 years. This building also has a bar/lounge that is the only restaurant in town to have an off sale liquor (liquor to-go) license. The current video lottery machines in the lounge area provide additional yearly profit. An order pickup window was also added this year (2020) to the back of the building to accommodate all guests for COVID safety preferences. This property is also available on contract/lease.

This opportunity is offered two ways: 1. The real estate purchase is listed at $270,000 to include all FF&E (see MLS #811383). 2. The building and business can be purchased together for $370,000 and will include FF&E and all current food and liquor inventory owned by Los Amigos Mexican Restaurant LLC. With option 2, the seller is willing to train the buyer for 2 months for a seamless transition.

(Liquor license/video lottery machines require a separate application for the new buyer to the county and rental company).