Bar and Restaurant Close to the River ~ Ample Parking ~ Princeton, MN

Princeton, MN (Mille Lacs County)

Bar and Restaurant Close to the River ~ Ample Parking ~ Princeton, MN

Asking Price:$245,000

Cash Flow:N/A

Gross Revenue:$650,000

EBITDA:N/A

FF&E:$100,000

Inventory:$20,000*

Rate/Sq. Ft.:N/A

Established:2012

*not included in asking price.

Bar and Restaurant Close to the River ~ Ample Parking ~ Princeton, MN

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Business Description

Neighbors on the Rum Eatery & Saloon in Princeton, MN has a great following! The purchase will include business/goodwill, equipment, and an option to purchase the real estate.

Neighbors on the Rum offers hearty sandwiches and wraps, juicy burgers, and western classic entrees like the sirloin steaks, ribeye, and seafood. Daily specials include: Taco Tuesdays, Pasta Thursdays and Chef’s Choice Fridays. Breakfast Saturday and Sunday. Weekly entertainment: Happy Hour Mon – Fri 2pm to 6pm and Sun – Thu 10pm to Midnight. Keys for Cash Tuesdays @ 7pm, Bingo 2pm and DJ Saturdays, Game day specials on Sundays, Pull tabs, and host local/regional bands on weekends.

Current owners have three businesses and are looking to divest in a business to spend more time with family.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
5,500
Lease Expiration:
N/A
Employees:
3 FT / 10 PY
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Prime restaurant and bar opportunity, with great access, signage and parking. Seating for approximately 150. - 10,800 Vehicles per day HWY 29 - Great Access and Parking - 4,000 sq. ft. basement (freezers, liquor room, and walk-in/beer coolers)
Competition:
Some local competition, but Neighbor’s on the Rum has GREAT access and ample parking.
Growth & Expansion:
Keep accommodating to the current following and add catering. Opportunity to do more marketing on Social Media. Plenty of space and parking to accommodate live entertainment outside. Good sized party room to host benefit events, bands, and fantasy football draft parties.
Support & Training:
Support and training is available, and length of time is negotiable.
Reason for Selling:
Family / Health
Business Website:
http://www.neighborsontherum.com

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Dan McGuire

Business Listed By:
Dan McGuire

Hospitality Services Corp.

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Sponsoring Broker:
Jerry Vlaminck

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