Restaurant & Bar - Seller Financing - Living Quarters

Greenwald, MN (Stearns County)

Seller Financing Available
Restaurant & Bar - Seller Financing - Living Quarters

Asking Price:$245,000

Cash Flow:$56,000

Gross Revenue:$265,000

EBITDA:N/A

FF&E:$80,000

Inventory:$11,000*

Real Estate:$87,100

Established:2007

*not included in asking price.

Restaurant & Bar - Seller Financing - Living Quarters

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Business Description

This business has been a mainstay in the Greenwald community for 9 years and draws customers from the greater St. Cloud, Sauk Centre and Paynesville areas! Weekly specials and some say the best BBQ Ribs. Also serving American (Traditional), BBQ, Italian, Pizza, Sandwiches and Seafood.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
2 FT / 4 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Property was purchased in 2007 as a distressed restaurant and bar, formerly a town bank. The vault remains in the basement, proving the buildings unique nostalgia. Now it is a turnkey bar & grill, and includes a quaint dining room, full kitchen/bar, basement (storage and bank vault) and upstairs (storage and additional office space). Seating capacity is approximately 55 for dining and 48 for the bar. Situated on approximately .1 acres. The purchase will include business/goodwill, real estate and equipment. Located on the scenic HWY 4 (traffic counts 2,250) and approximately 45 min. West of St. Cloud. Local activities include hunting, fishing and snowmobiling.
Competition:
There is one other bar in town, but customers travel from all over to eat here.
Growth & Expansion:
This is a turnkey bar & grill. Very consistent numbers, with a great following. Could add catering and more events to surrounding communities. Push for more social media and advertising.
Financing:
$80K down payment or terms acceptable to seller
Support & Training:
Negotiable
Reason for Selling:
Retirement

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Jerry Vlaminck

Business Listed By:
Jerry Vlaminck

Hospitality Services Corp.

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