HSC-Affordable Full Service Restaurant w/ Living Quarters

Ada, MN (Norman County)

HSC-Affordable Full Service Restaurant w/ Living Quarters
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Asking Price: $199,000

Cash Flow: $58,000

Gross Revenue: $355,000

EBITDA: N/A

FF&E: $51,000

Inventory: $10,000*

Real Estate: $80,000

Established: 2004

*not included in asking price.

HSC-Affordable Full Service Restaurant w/ Living Quarters

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Business Description

Profitable & Affordable

Here is an affordable opportunity to own your own bar/restaurant with a lot of potential outside the hustle of the big city.

Located between Grand Forks and Fargo lays Pub 21 in the heart of Minnesota's Red River Valley. Currently with ADA's only "on-sale" liquor license and a full kitchen, Pub 21 is the place for traditional American Fare for miles around.

Detailed Information

Location:
Ada, MN
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
2,255
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Great facility build in the turn of the 19th century. Hardwood floors and tin ceilings with a newly remodeled kitchen. Perfect sized place for the ever changing labor landscape. Bar seats around 70. Plenty of parking out front.
Competition:
Only "On-sale" liquor license and full kitchen in town. Nice outdoor patio with lawn area too! Ada's cost of living is about 23% lower than the national average. Located between Grand Forks and Fargo in the Minnesota Red River Valley.
Growth & Expansion:
Pub 21 is currently serving traditional American Fare. New operator could introduce nightly dinners specials, beer/wine dinners, brunch, holiday events to increase revenue.
Support & Training:
30 days.
Reason for Selling:
Retirement
Business Website:
http://www.facebook.com/Pub21Ada/
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Contact the Seller

(from currently available funds)
 
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Rick Guntzel

Business Listed By:
Rick Guntzel

Hospitality Services Corp.

Show Phone Number

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Sponsoring Broker:
Jerry Vlaminck

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