Awesome Restaurant with Catering in BEST Minneapolis Location!

Minneapolis, MN (Hennepin County)

Awesome Restaurant with Catering in BEST Minneapolis Location!

Asking Price:$449,000

Cash Flow:$237,708

Gross Revenue:$2,067,468





*not included in asking price.

Awesome Restaurant with Catering in BEST Minneapolis Location!

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Business Description

Minneapolis Restaurant /Catering with $2MM sales $240k cash flow!

Sales are Up and Price is Down!

Established high volume full service restaurant with beer and wine. 88 seats. Super desirable area of town next to the U of M campus in the center of everything. $600,000 in off premise catering with huge growth potential. Current owner has management in place including catering manager. Wonderful cuisine with very high reviews.

Detailed Information

Not included in asking price
3 FT / 17 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Building size 2,400 sq. ft. with 600 sq. ft. basement on city lot. Seating for 88. Located near U of M campus.
Business located in one of the most desirable venues in town with tremendous growth in the area. $861.00 per sq. ft. in 2015.
Growth & Expansion:
Awesome - best restaurant in best location with high grossing sales. Business has been a favorite in Minneapolis for 13 years and their sales and reputation have grown every year. Catering currently has many prestigious and desirable accounts. Business has a full service kitchen with seasonal staff and management in place. GM is paid 60K plus benefits, and Catering Manager is also on salary of 48K plus health insurance. Continue off premise catering along with potential for existing operator to include full alcohol service.
Support & Training:
2-3 months, depending on buyer's needs
Reason for Selling:

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Jerry Vlaminck

Business Listed By:
Jerry Vlaminck

Hospitality Services Corp.

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