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Steakhouse ,Full liquor, off-sale ,Banquets

Minnesota, Minnesota (Redwood County)

Retail - Bars/Taverns | Retail - Restaurants

Asking Price $125,000 Inventory $10,000* 
Gross Income $180,000 Real Estate $100,000* 
Cash Flow $40,000 Year Established 1984
FF&E $75,000* Employees 10 pt

* included in the asking price

** not included in the asking price

Reduced $70,000 Beautiful steakhouse with catering facilities located between large cities in MN. 2 separate dining areas for private parties and banquets. Nice lounge bar area with full liquor and off sale. Also, includes a 2 BR apt over one of the dining rooms. Has full kitchen and separate catering kitchen with all equipment. Separate game room with pool and darts.

Facilities: 5,200 sq ft on City lot 70 x 100 2nd floor apt. rented for $200 per month Full kitchen dining /bar ,Game room and banquet facilities

Competition: Only one other bar in town with minimum food sales.

Growth/Expansion: Catering sales have lots of upside potential. Additionally pull tabs could be added to drive bar sales. Presently 70% food and 30% liquor sales.

Financing: $60,000 down contract for deed

Support/Training: 30 days for new owners

Reason Selling: Retirement

Business For Sale By

Jerry Vlaminck

763-972-9077

Hospitality Services Corp.

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