HSC $2.2mm Sales! Great Long-Term Lease/High Profits

Saint Paul, MN (Ramsey County)

HSC $2.2mm Sales! Great Long-Term Lease/High Profits
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Asking Price: Get Financing: $840,000

Cash Flow: $375,000

Gross Revenue: $2,131,813

EBITDA: $375,000

FF&E: $350,000

Inventory: $20,000*

Lease Rate: $7,136.75 /Month

Established: 1988

*not included in asking price.

HSC $2.2mm Sales! Great Long-Term Lease/High Profits

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Business Description

HSC $2.2mm Sales! Near Excel Center/$375K cash flow! Great Facility/Lease

Successful, long-established Saint Paul Restaurant/Bar with a Sterling Reputation.
First time this property has been offered.
Multiple income drivers: Breakfast, Lunch, and Dinner w/Special Events Bonus and Banquets too!
Cash flow of $375,000 per year with multiple areas for growth.
Spotless facility with recent remodel.
True Turn-Key Operation with key employees in place.

***Owner of 30 years wishes to semi-retire. He is committed to helping the buyer
make a smooth transition into ownership. He is available to train and is willing to
stay on in a part-time capacity indefinitely/as long as needed***

Detailed Information

Not included in asking price
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Spotless facility of 9743 sq ft. Seating capacity of 250 with an additional 65 seats on the outdoor patio. Full-service, high-capacity kitchen with the potential to add off-premise catering for additional revenues. Large parking lot with access from 2 streets. Excellent access!
Great market with proximity to National Sporting Events/Concerts/Trade Shows/Conventions. High-growth area! Several new housing developments in the immediate area create new energy while maintaining the existing steady and profitable business.
Growth & Expansion:
In-house and off-premise catering /delivery. Additional events could be added. The addition of a catering division would make an immediate positive impact on sales, thereby increasing profits.
Support & Training:
The owner is willing to train a new buyer and will work indefinitely on a part-time basis to assist the new owner to grow the business.
Reason for Selling:
Owner is semi-retiring.
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Contact the Seller

(from currently available funds)
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Jerry Vlaminck

Business Listed By:
Jerry Vlaminck

Hospitality Services Corp.

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