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Highly Respected Neighborhood and Destination Restaurant

Minnesota (Hennepin County)

Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price $1,050,000 Inventory $65,000* 
Gross Income $1,855,000 Real Estate  
Cash Flow $210,000 Year Established 2007
FF&E $850,000* Employees 40+

* included in the asking price

** not included in the asking price

The Cafe has seating capacity of 79 plus 11 at the bar. It has a full liquer license, live world class music on weekends, fully equiped DJ booth and quality art throughout the resturant. Over $875,000 was spent on equipment, furniture and leasehold improvements. in additional $75,000 was spent in start up expenses honing the recipes, training personnel and numerous other costs that would not be incurred going forward. Open from 5:00PM to 1:00 AM. The Cafe has a private Dining Room equiped with a full commerical kitchen. The room can seat 40 for dinner events and 60 reception style. An average of 17 events are held monthly. Management is also experminting with lunch. The Cafe has a emailing list of over 2,300 names, a twitter site with hundreds of followers and a face book page that keeps the public informed of it's music events Sales were over $2,100,000 the first year and only receded to $1,855,000 due to the ecomic down turn. the cafe would yeild over $210,000 annually to an owner/ operator. The restaurants are fully stocked and can be taken over seamlessly.

Facilities: Resturant opened 2.5 years ago with all new equipment and leaseholds. Over $850,000 spent

Competition: Highly respected respected neighborhood institution as well as a destination restaurant

Growth/Expansion: Could also be opened for lunch and or breakfast

Support/Training: Will support and train for up to a month

Reason Selling: Other interests

Business For Sale By

Jim Sippl

612 669 5218

Sippl & Assoc.

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