Farm to Table Bistro and Ice Cream

Hot Springs, SD
High Visibility

Seller Financing Available

Asking Price:$287,300
Gross Revenue:$450,000
Rent:$1,422.67/Month
Established Year:2021
Cash Flow:$105,000
Inventory:$20,000
FF&E:$54,000
BUSINESS DESCRIPTION

Seasonal or Year Round Business - Make Money Either Way

Have a dream of having your own restaurant/ice cream shop? This is your chance to own the best in the Black Hills. While just over 3 years old, this high volume, high visibility business has experienced 33% growth year after year with its quality "farm to table" ice cream, burgers and sandwiches. Popular with both locals and visitors; well-known for their amazing burgers, fries and homemade ice cream. Some customers make the 1 hour drive from neighboring towns for the the quality eats served at Two Cows Creamery & Bistro. Prime location in the center of town on the main street with huge summer Black Hills tourism traffic. Hot Springs is one of the key tourism towns in the Black Hills, close to Mt. Rushmore, Custer State Park, Crazy Horse Memorial, Wind Cave and many more attractions. Excellent turn-key opportunity with big upside to expand the hours and build the sales and profits!

The foundation of the business is based on “Farm to Table” where the meats, dairy and produce in the shops meals and ice cream are sourced directly from local farms. All the ice cream is handcrafted in house and includes ice cream, gelato and sorbets - over 120 recipes. The original 1931 hardwood floor and large picture windows in the dining room bring a warmth to the shop, welcoming the patrons.

A portion of the store is a "local farmers market" where customers can purchase meats and produce from local farms - the same ingredients used in the restaurant's menu items. This provides an additional revenue stream as well as diversification for the business.

The business has been featured in 605 Magazine (see documents) as a destination not to miss in Hot Springs. Additionally, Google reviews give it a 5 star rating consistently. When you ask a local where the best food in town is, people will tell you Two Cows Creamery & Bistro.


ATTACHED DOCUMENTS
605 Magazine Article.pdf.pdf Download
Sales History.xlsx.xlsx Download
20230615 TCC in FRC Herald.pdf.pdf Download

DETAILED INFORMATION
Location
Hot Springs, SD
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,903
Lease Expiration
28/02/2038
Employees
16
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business is located on the main street through town with high visibility and plenty of nearby free parking. There is dining room that seats 70, full kitchen with hood, dishroom with dishwasher, and basement for storage.
Competition
There is no other ice cream shop /bistro like it - Two Cows is a true farm to table / cow to cone operation. It is also the only ice cream in town other than Dairy Queen. There are also limited quality food options in town so the restaurant part of the business is in very high demand. Two Cows is the only true farm to table concept restaurant within 40 miles and the quality of food served is of the highest in the state. This has created a high repeat business following and the 5 star google reviews bring in the tourists.
Growth & Expansion
The reputation and marketing has brought 33% annual growth each year since opening. For a few hours each day in the summer, the building is at capacity. store traffic is expected to grow 30-40% this year with the downtown renewal being completed. There is also an opportunity to grow the business in the shoulder and winter seasons; currently we take a break and open only Thursday-Sunday in winter.
Financing
Seller can finance, prefer installment sale terms
Support & Training
Seller will offer extensive support and training and will continue to manufacture ice cream for buyer in the dairy plant located downstairs. Seller also operates a farm that supplies the store and will continue to provide milk, meat, poultry, potatoes, produce and eggs.
Reason for Selling
Owners operate a farm; the restaurant has become so busy they can't do both
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Scott Roi
Scott Roi