MergerPlace

Historic Minnesota Restaurant for Sale

Minnesota


  • Asking Price: $649,000
  • Gross Income: $420,875
  • Cash Flow: $67,137
  • Real Estate: Not Disclosed
  • Inventory: $15,000
  • FF&E: $140,000
  • Listing ID: #209769
  • Established: 1946
  • Employees: 3 FT / 23 PT

Business Description

If you're in the market for a great restaurant opportunity, look no further! In business for over seven decades, this restaurant has built a loyal following, established a statewide reputation for their food and become a staple in their community.
The business resides in a new, 3,600 square foot building, that sits on a busy highway. Excellent visibility, parking, and access. The current owner works full-time in the business and has approximately 25 employees, a combination of full-time and part-time.
Part of the allure of this business is the various offerings of how they serve their customers, along with how they handle the winter months. The past success, excellent reputation, new Real Estate and good growth opportunities makes this a prime opportunity for a serious buyer!


Business Details

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

Company Information

Year Established: 1946
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT / 23 PT

Financial Information

Asking Price: $649,000
Gross Revenue: $420,875
Cash Flow: $67,137
FF&E: $140,000
Inventory: $15,000
Seller Financing Available: No

Property Information

Facilities:

Business is housed in a new, 3,600 square foot building. It sits on excellent highway frontage and has plenty of parking space, on a large lot.

Growth & expansion opportunities:

Although the business has established a loyal following, there are still excellent avenues for additional growth. The restaurant is open for lunch and dinner, so adding breakfast would be a nice addition. Another good revenue stream would be the addition of catering services. The business does some catering now, but by no means focuses on that service. With technology moving so fast, another possibility would be adding on-line ordering. Currently, 38% of the business is carry-out, so adding this makes sense. A final idea may be the addition of adding a beer & wine license. The restaurant has never offered adult beverages, but it may be an option going forward.

Competition:

Over the last six plus decades, the business has built a loyal following within the region and an excellent reputation across the State. Not a lot of direct competition in the community, but some in-direct competition in the way of fast food, convenience store offerings, etc.

Reason for selling:

Owner looking to semi-retire; pursue other interests.

Support & Training:

Will train for 3 weeks @ $0 cost. In addition to the necessary state and federal required business licenses, a food handling certification is also required.

Contact Business Seller

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Business Listed By:

Rey Gonzales

Murphy Business Brokers