Retail - Restaurants | Retail - Bars/Taverns

Asking Price	$200,000	Inventory
Gross Income	$1,200,000	Real Estate	1,600,000**
Cash Flow	Not Disclosed	Year Established	2007
FF&E	$400,000*	Employees	N/A

* included in the asking price

** not included in the asking price

3 Floors, BeautifullyRestored Historic Restaurant

Owner wants action, price just reduced $450K with awesome terms, only $100K down gets you into this beatifully appointed restaurant in historic district of fast growing Faribault, MN, with population of 30,000 and another 80,000 residents within a 15 minute radius. Main floor comfortably seats 200 guests with the lower level Jazz Club seats 125. The Paradise Center for the Arts is a recently renovated attraction in downtown Faribault; sitting up on the hill from the restaurant is the nationally recognized prep school Shattuck-St. Mary's. The restaurant grossed 1.2m in sales the first year of operations and occupied 3 of the 4 floors of the building. Space requirements can be negotiated to occupying the main floor only, the main floor and the wine cellar and/or the 200 head count ballroom on the second floor. The main floor restaurant is designed to have an open kitchen and a charcoal burning grill as a focal point upon entering. The restaurant has experienced 800 guests visiting on a Friday and/or Saturday night when 3 floors were jumping. The main floor restaurant has a bar on the south side along with a beautiful south side patio. The wine cellar or jazz club can seat 125 guests. This is an absolute turnkey opportunity.

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Facilities: 1st floor, 5,826 sq ft includes main floor, storage, deck, and bathrooms, $8,191/mo includes CAM 2nd floor, 2,504 sq ft 3,338/mo includes CAM Lower Level, 1,882 sq ft, 2,509/mo includes CAM Full liquor on all three floors

Competition: The facility is newly constructed, up to code and fully turnkey. Additional parking near restaurant will make this the place to be for events, wedding, etc.

Growth/Expansion: Catering events weddings. Present owner did not develop banquet business was only 10% of sales could be several hundred thousand dollars, if operator choose to rent the ballroom.

Financing: $100K down with terms

Support/Training: Current owner is willing to train and consult new owners for 4 weeks.

Reason Selling: Divest of restaurant operations