Alexandria's TOP Entertainment Spot

Alexandria, MN (Douglas County)

Alexandria's TOP Entertainment Spot

Asking Price:$1,195,000

Cash Flow:$150,000

Gross Revenue:$1,200,000




Real Estate:$1,379,000


*not included in asking price.

Alexandria's TOP Entertainment Spot

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Business Description

Bug-A-Boo Bay is a beautiful island themed restaurant/bar/nightclub located two hours NW of the Twin Cities. Includes lake frontage and 16 docks on Lake Le Homme Dieu. Multifaceted property with great decor, in very good condition, $70,000 in updates done in the last year. Dining area seats 142, bar area seats 69, a great outdoor deck seats 150+, and the game room holds 63. This business is the premier eating and drinking spot on the lake, and a favorite of locals and weekenders alike.

Attractive bar areas inside and outside, on stage area with light and sound systems. Totally turnkey operation.

Full kitchen produces a great menu with something for everyone: appetizers, sandwiches, signature burgers and dinners.

Many outdoor events, including car shows, outdoor bands, etc.

Previously sold for $1.9 million in 2010. The current owner is selling due to health reasons / retirement.

Bug-A-Boo Bay has been an Alexandria favorite since 2002. Sales have ranged between $1.1 million and $2.8 million depending on number of months open. Currently open May - October.

Detailed Information

Not included in asking price
Real Estate:
Included in asking price
Building Sq. Ft.:
Varies by season
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Building size: 9,860 sq. ft.; lot size: 3.22 acres with 255 ft. lake frontage. This is a multi-use building and could be used as a watercraft / ATV retailer (property is located in a recreational area).
Market outlook is good. As economy recovers, people are traveling more to lake destinations and sales will rebound. Many updates to restaurant/patio areas in 2014 totaling $70,000.
Growth & Expansion:
Property and facility can be changed to any concept along with catering capability, possible to change to national chain to create more year-round sales.
$200,000 down with new bank financing
Support & Training:
As needed.
Reason for Selling:

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Jerry Vlaminck

Business Listed By:
Jerry Vlaminck

Hospitality Services Corp.

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