MergerPlace

Iconic Restaurant in Central Minnesota

Minnesota


  • Asking Price: $380,000
  • Gross Income: $501,124
  • Cash Flow: $114,427
  • Real Estate: $200,000
  • Inventory: $3,688
  • FF&E: $27,619
  • Listing ID: #209214
  • Established: 1955
  • Employees: 14

Business Description

This iconic restaurant located in the lakes area of central Minnesota was established in the 50's and is the go to place for great food and excellent service. The business is open all day serving breakfast, lunch and dinner so they are there when the patrons are hungry.
The design of the building enables the business to accommodate small private groups or parties. This is a very busy restaurant and is fully staffed to assist the new owner with the transition.


Business Details

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

Company Information

Year Established: 1955
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 14

Financial Information

Asking Price: $380,000
Gross Revenue: $501,124
Cash Flow: $114,427
FF&E: $27,619
Inventory: $3,688
Real Estate: $200,000
Seller Financing Available: No

Property Information

Facilities:

This very well maintained 2400 sq ft facility seats 95. The atmosphere of the restaurant brings you back to the 50's which is very fitting for the history of the business. The business is situated on a very busy highway so they are always getting new drive by customers.

Growth & expansion opportunities:

This business has a liquor license for both On & Off Sale which they have not promoted much. With the location being on a very busy highway, expanding the Off Sale business would enhance the overall business. There is already a pad in place to expand the building.

Competition:

The business is located in a small community about 10-15 miles from any major city. There is one other bar and restaurant in the community but does not seem to affect there business. The business has been around for a long time so it is the go to place in the area.

Reason for selling:

Retirement

Support & Training:

Will train for 2 weeks @ no cost This restaurant is a full service family style operation so having good people skills and a general knowledge of the restaurant industry would be very beneficial. They have a liquor license to sell on and off sale liquor, which they do not promote. This would be a excellent opportunity to grow the business!

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Business Listed By:

David LaVoi

Murphy Business Brokers