Asking Price:

$895,000

Gross Income:

N/A

Cash Flow:

N/A

FF&E:

$135,000.00 *

Inventory:

$15-35,000 **

Real Estate:

$600,000.00 *

Year Established:

2004

Employees:

24

Business Types:

Restaurants
Bars/Taverns

** not included in the asking price

* included in the asking price

Business Description

PRICE REDUCTION: Original listing price was $1,095,00, now
$895,000! Constant, steady increase in sales, 5 yrs in a row,
despite struggling economy. Locals know Foster & Logan as the
place to eat & drink. THIS IS A MUST-SEE PROPERTY & BUSINESS
in one of Montana's most historic towns.

Detailed Information

Facilities:

The listing includes building, FF&E, & liquor license. The liquor & gaming license is valued at $200-250,000. The 5141 sq. ft. building has an upstairs 4 bdrm apartment. The basement is storage, fresh food coolers, freezers, keg cooler & additional prep area. Main floor has dining area and bar, multiple TVs for sports, large front & back bar for very comfortable seating, 2 bathrooms & a large kitchen.

Competition:

Foster & Logan's is in a prime location on the main street of historic Red Lodge. The highway leads to one of the 5 entrances & exits to Yellowstone Park which creates large visitor traffic. Red Lodge also has a very popular ski mountain that creates considerable winter traffic. In the last 10 years the town has grown in size significantly with the addition of a new high school, new hospital, medical center, additional retail stores and expansion of the ski mountain.

Growth/Expansion:

Montana has legalized gaming in the form of video poker games, keno, etc. Gaming is a large portion of the net profit for many of Montana's restaurants & taverns. The current owners have chosen to not have gaming machines in their establishment. This is a "huge" opportunity for new owners to possibly increase the profits at least 2 to 4 times.

Support/Training:

Seller will provide training for buyers.

Reason Selling:

Owners want to retire.

Broker Information

Lyle Dunham

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