German Restaurant, Lounge & Banquet Facility
Location:
United States
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Minnesota
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
This profitable business is priced to sell quickly. It includes a restaurant, lounge, convention and banquet facility, and catering service. People come from a 60-mile radius for the great service, the restaurant's award-winning food, and the convention center's easy accessibility. The restaurant has the finest cuisine in the area with a combination of American and German foods, seafood and steaks. The full bar contains one of the largest wine selection in central Minnesota. The beautifully decorated convention and banquet rooms can accommodate up to 250 people.
The restaurant and banquet hall are located in a 28,000-sq-ft building with easy accessibility on a state highway. The facility is included in the sale. The business is in a great location with ample parking and room for expansion. It is next to a major hotel that provides a number of customers. The business is in a growing city just over an hour drive from Minneapolis.
The owner would be willing to stay on after the business sale a few months to help facilitate a smooth transition.
Established: 1972, current ownership began in 1996.
Employees: 2 full-time, 25-30 part-time.
Facilities: A 28,000-sq-ft building.
Reason for selling: The owner is retiring.
Contact for more information on this German Restaurant, Lounge & Banquet Facility for sale.
Financials
Asking Price Range: $500K - $1.0M
Gross Revenues:
$468,000
Cash Flow:
$96,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $22,000
Seller Financing: Not Disclosed
About The Business
Year Established: 1972
Number of Employees: 20 - 34
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Owned
Property: Property For Sale
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 70075179
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