MergerPlace

Exciting Restaurant

Minnesota (Dakota)


  • Asking Price: $465,000
  • Gross Income: $204,366
  • Cash Flow: $60,567
  • Real Estate: $345,000
  • Inventory: Not Disclosed
  • FF&E: $45,000
  • Listing ID: #200830
  • Established: 2014
  • Employees: 5 PT

Business Description

Bar and grill located on a busy highway, next to a lake, with no competition for miles. Recently updated bar area, newly remodeled banquet facility, and room outside to expand outdoor sports. Also has an off-sale liquor license and sales related to convenience items. Sells all types of alcoholic beverages to be consumed on premises or taken away. Restaurant sells typical American food. Banquet hall facilities allow for rental income, and a place to hold tournaments or other activities to bring in patrons. This restaurant has a steady clientele but can have big days from fishing and snow mobile traffic close by. Located on approximately 2/3rds acres this establishment has room to grow. The building is approximately 5700 sq.ft., the top floor being a bar and restaurant, the bottom floor is utility areas and a banquet hall. Building is in good condition with large capital projects recently completed that increase the utilization and aesthetic appeal of the whole facility. The location of this restaurant is unique and has the opportunity to be a local magnet for recreational clients. Being the most accessible on/off sale establishment next to a large lake and camp ground, many patrons stop by to take a break from their activities or get supplies before heading home/out to the lake. Also very close to a large snowmobile trail that brings in patrons needing a break from the trail. There is no large competitor within a convenient range from the restaurant. There are other bars within a short distance, but they don't offer the size to allow for high traffic times, or food to attract hungry sportsmen taking breaks from their favorite past times. Furniture and equipment is of an average age and is in well kept condition. Recent changes to the decor, layout, and style of the restaurant and bar have really modernized and lightened the atmosphere. Bars are located on both levels of the building. Current marketing for this business consists of social media and prominent signage that attracts the many motorists passing by. Increased foot traffic could be easily attained with this businesses by expanding marketing around off sale/convenience items, expanding banquet hall offerings including parties and events, and expanding offerings outside with sports related activities.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Minnesota
County: Dakota

Company Information

Year Established: 2014
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5 PT

Financial Information

Asking Price: $465,000
Gross Revenue: $204,366
Cash Flow: $60,567
FF&E: $45,000
Real Estate: $345,000
Seller Financing Available: Yes

Property Information

Facilities:

Located on approximately 2/3rds acres this establishment has room to grow. The building is approximately 5700 sq. ft., the top floor being a bar and restaurant, the bottom floor is utility areas and a banquet hall. Building is in good condition with large capital projects recently completed that increase the utilization and aesthetic appeal of the whole facility.

Growth & expansion opportunities:

Increased foot traffic could be easily attained with this businesses by expanding marketing around off sale/convenience items, expanding banquet hall offerings including parties and events, and expanding offerings outside with sports related activities.

Competition:

The location of this restaurant is unique. Being the most accessible on/off sale establishment next to a large lake and camp ground, many patrons stop by to take a break from their activities or get supplies before heading home/out to the lake. Also very close to a large snowmobile trail that brings in patrons needing a break from the trail. There is no large competitor within a convenient range from the restaurant. There are other bars within a short distance, but they don't offer the size to allow for high traffic times, or food to attract hungry sportsmen taking breaks from the favorite past times.

Reason for selling:

Owner wants to retire.

Support & Training:

Will train for 2 weeks @ no cost Sells all types of alcoholic beverages to be consumed on premises or taken away. Restaurant sells typical American food. Banquet hall facilities allow for rental income, and a place to hold tournaments or other activities to bring in patrons.

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Business Listed By:

Scott Krook

Murphy Business Brokers