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Restaurant & Bar
Location: United States -> Minnesota
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Established full-service restaurant and bar was developed in a beautifully structured one story building in 2007. Residing on an acre and a half with 4,000 sq. ft. of service area that is exquisitely decorated, fully equipped and seating approximately 140+. In addition there is a 400sq. ft. loft area and 1,350 sq. ft. basement, plenty of room for storage or additions. The business is located in a very convent location with high visibility to and from highway and relatively close to several motels. With a substantial market share of it trade area, remarkable reputation, and room for further development this business ensures a promising future for a new owner. Inquire today to learn more about this restaurant located in northeast Minnesota. Assets are to include $50,000 in average inventory, $230,000 in equipment and $125,000 in fixtures and furnishings. The building and property is included and is valued at $1,335,000. Asking Price is $1,450,000. Ask for portfolio #331.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $860,607
Cash Flow:   $112,874
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $405,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2007
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale




Print Listing Id: 700228254
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Minnesota Businesses For Sale > Minnesota Franchises For Sale > Minnesota Business Brokers



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