MergerPlace

Restaurant & Bar-New Banquet Facility

Minnesota


  • Asking Price: $595,000
  • Gross Income: $727,158
  • Cash Flow: $137,113
  • Real Estate: $398,444
  • Inventory: Not Disclosed
  • FF&E: $96,420
  • Listing ID: #201111
  • Established: 2007
  • Employees: 1 FT/24 PT

Business Description

This full service restaurant and bar offering off site catering is a local favorite. The business is located in the center of town on main street of a picturesque community in SE MN. There is minimal competition in the surrounding market. Recently remodeled restaurant and bar area, featuring a brand new banquet facility. The business also has a nice patio area with an outdoor bar to serve patrons during the summer season. Restaurant sells typical American style food. Banquet hall facilities allow for rental income from events such as holiday parties, graduations, wedding receptions and other activities to bring in additional patrons. This restaurant has a very loyal and steady clientele. Located in the center of town on main street, this business has great exposure which attracts many new customers from the heavy traffic.


Business Details

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

Company Information

Year Established: 2007
Home Based: Yes
Franchise: No
Relocatable: No
Number of Employees: 1 FT/24 PT

Financial Information

Asking Price: $595,000
Gross Revenue: $727,158
Cash Flow: $137,113
FF&E: $96,420
Real Estate: $398,444
Seller Financing Available: Yes

Property Information

Facilities:

Having recently remodeled the restaurant and bar area, including new equipment and the addition of a brand new banquet facility this business is the perfect opportunity for a new owner wanting a turnkey operation. The building also has a completely remodeled three bedroom apartment featuring a cozy two sided fireplace and a private patio located just off of the master bedroom suite. The residence currently serves as the owner's home. The apartment is located on the second level of the building. This would be an excellent rental property to generate substantial additional revenue.

Growth & expansion opportunities:

Located in a beautiful growing community in southeast Minnesota and having an excellent reputation for great food and a fun atmosphere this business will enjoy steadily, stable growth for years to come. Additional advertising and marketing in the surrounding communities will increase the business's brand awareness and help drive business growth.

Competition:

With only two competitors within 15 miles of this business and a steadily growing community this business is positioned to be profitable for years to come.

Reason for selling:

The owner wants to retire.

Support & Training:

Will train for 2 weeks @ no cost. The restaurant features a full menu of hometown favorites including locally famous burgers, brick-oven handmade pizzas and delectable desserts. A full service bar with several large screen TVs and new seating areas. The new owner would need to understand the bar and restaurant industry.

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Business Listed By:

Scott Krook

Murphy Business Brokers