Restaurant with Apartment for Sale in Eureka Springs, Arkansas

This is an opportunity to acquire The Filling Station Restaurant, an iconic establishment in Eureka Springs, Arkansas. Currently operated by a semi-absentee owner, the restaurant is profitable serving breakfast and lunch. The sale includes the real estate, which features living quarters and office space that can be used by the new owner or rented out for additional income ($7,500-10,000 per year). There is a significant growth potential by adding dinner service, which could generate an estimated $200-250K in additional sales and $50K to the bottom line. The business holds a Beer and Wine Permit, and current employees are willing to stay on. The asking price is $475,000, with 2021 sales of $504,290 and a cash flow of $118,039. The FFE (Furniture, Fixtures, and Equipment) is valued at $116,141. The listing is offered by Crye-Leike Real Estate Services. The business is currently under contract, scheduled to close in June.