Building and Business For Sale
Restaurant & Lounge Opportunity – Northeast South Dakota
The well-established, profitable, turnkey restaurant and lounge, located in one of Northeast South Dakota’s fastest-growing hunting and fishing communities. Historic, established and ready for the next level! Current hours of 21 hours per week, increased hours to include lunch menu could potentially reduce the cap rate to 5% or less. The New Frontier Steak house is known for its welcoming and family-friendly atmosphere, this business has built a loyal customer base and a strong reputation over the past five years.
Business Highlights
• Fully operational, turnkey business with consistent growth
• All inventory included: food, alcohol, soda, and supplies
• Seating capacity for up to 64 guests
• Corner lot with plenty of parking, as well as additional adjacent parking lot
Building & Equipment The entire building was renovated in 2021; major updates are new rubber roof, electrical panel, plumbing, sidewalk, water heaters, storage addition, and many other updates.
Complete interior remodel including:
• New tables and chairs (Spring 2025)
• Prep cooler (spring 2025) and prep tables
• Beer cooler (2025) and kegerator (2025)
• Freezers (2021, 2020, 2023) and refrigerator (2020)
• Storage shelving (2021 & 2022)
• Hot water heater (2024 & 2025)
Location & Community- The restaurant is in a thriving small-town hub that supports both local and visitor traffic, with two major highways. The community includes hotels, multiple gas stations, a pharmacy, grocery store, numerous rentals, three major bank branches, a Dollar Store, lumber yards, boutiques, and many others. The town is centrally located between Aberdeen and Watertown, providing steady regional exposure.
This is an ideal opportunity for an owner-operator or investor seeking a proven business with strong local support and future growth potential.
Charlotte Andres
Referral Realty
