MergerPlace

Established Rochester MN Restaurant

Minnesota (Olmsted)


  • Asking Price: $175,000
  • Gross Income: $1,141,274
  • Cash Flow: $85,455
  • Real Estate: Not Disclosed
  • Inventory: $34,229
  • FF&E: $87,500
  • Listing ID: #212754
  • Established: 1991
  • Employees: 10 FT / 11 PT

Business Description

Successful, well established restaurant in Rochester, MN. This full-service, home town favorite boasts a large, professional and dependable staff, a great location and many loyal patrons. Offering seller financing at 50% of the purchase price, this business is a great opportunity to get into the Rochester restaurant market at a reasonable price point.


Business Details

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

Company Information

Year Established: 1991
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 10 FT / 11 PT

Financial Information

Asking Price: $175,000
Gross Revenue: $1,141,274
Cash Flow: $85,455
FF&E: $87,500
Inventory: $34,229
Seller Financing Available: Yes

Property Information

Facilities:

Building is leased, lease expires Mar 1, 2020. Landlord is open to negotiations on new lease.

Growth & expansion opportunities:

Well poised to capitalize on growth in the local community, a new owner could focus on these areas to increase the top and bottom line: 1) improve marketing efforts, 2) bring in more entertainment, 3) update the POS system for better process management, 4) and install electronic pull tabs.

Competition:

There are many restaurants in Rochester, MN. The Mayo Clinic brings in millions of visitors every year and Rochester is the economic hub of Southeast, MN, leading to extremely high demand when compared to the population size. This business is well situated for the continued expansion of Rochester's economic base and should capitalize fully on the growth in the area.

Reason for selling:

Owner wishes to retire.

Support & Training:

Will train for 2 weeks @ $0 cost.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Jacob Petersen

Murphy Business Brokers