Located in the popular River Market area of Kansas City, Missouri, just a block west of City Market, The Farmhouse Restaurant is a full service restaurant with a broad menu that will appeal to every taste and budget. They offer lunch, dinner, Happy Hour Wednesday – Friday, Saturday and Sunday Brunch and private dining for small and large events. They also provide catering for any size event. The restaurant draws area residents, suburban visitors, and out-of-town guests looking for wonderful fresh farm-to-table seasonal and classically creative comfort foods of all types. “Farm-to-table” means that local farmers from Kansas and Missouri produce the fresh ingredients for food and drink. Besides supporting local farmers, the restaurant ensures their customers get the freshest ingredients and reduces the carbon footprint of the company. 40% of the foods the farmers supply are organic, non-GMO crops which are picked and delivered early each day.
The Kansas City Star calls the Farmhouse Restaurant a River Market sensation.
Asking Price: $950,000
Gross Income: $1,802,589.00
Cash Flow: $337,171
Employees: 36, about 30% of them full time.
Furniture, Fixtures, and Equipment ( FF&E): $225,000, included in purchase price.
Facilities: The whole area has been gentrified since the restaurant was established. The facilities are in a renovated older building and has a lounge and patio area. Some of the tremendous growth of the restaurant can probably be attributed to Kansas City’s upgrades of public transportation—especially the trolley. It literally stops right in at the front of the restaurant, making for really good business.
Competition: Competition is slim and none because, although there are hundreds of restaurants in Kansas City, there are no ‘farm to table’ restaurants in the area. No one does the same thing The Farmhouse Restaurant does.
Growth & Expenses: When it was new, the business had 200% growth per year, despite and during construction in the area. Now that the construction phase of the River Market is over, future roadblocks or slowdowns seem minimal. In addition 600 new residential units are being added in the three block area surrounding the restaurant. With that and trolley bringing a steady stream of ‘new’ traffic, the growth patterns established in the early years should be sustainable.
Financing: Seller with carry up to $85,000.
Support and Training: Owner is willing to do what is necessary for a smooth transition, including daily assistance for the first 6 weeks and up to 6 months availability, on an as needed basis.
Reason for Selling: Family health issues, including care of an elderly parent, dictate that the owner rearrange priorities and use of his time.
Inventory: $15,000, included in the purchase price.