HSC College Bar - Multilevels - $2m + Revenues

Hennepin County, MN

HSC College Bar - Multilevels -  $2m + Revenues
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Asking Price: $1,050,000

Cash Flow: $355,000

Gross Revenue: $2,423,956

EBITDA: N/A

FF&E: $275,000

Inventory: $10,000*

Rent: $22,400 /Month

Established: 2004

*not included in asking price.

HSC College Bar - Multilevels - $2m + Revenues

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Business Description

This is THE premier college
bar in the heart of a college campus!
Established in 2004. Multilevels, 3 full
bars,1 full kitchen, 2 walk-in beer coolers, 1
walk-in cooler & freezer. Seating for 300, 38
patio seats, and total capacity of around 600.
Weekly entertainment. Private parties available.
64 staff members (2 FT, 1 kitchen & 1 FOH).
Training available/negotiable.
$2,423,956 Gross Sales in 2018
Rent $22,400/month
9,000 Square Feet total Multilevels
Good cash flow
Mon - Fri 11am to 2am
Sat - Sun 9am to 2am
Opportunity to add Rooftop bar!
Lease goes until 2024 w/ 1 five year
option.
Growing area w/ additional multi use
apartments and retail
Historic building
Lots of foot traffic
Approximate 2,250 VPD

Detailed Information

Location:
Hennepin County, MN
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
9,000
Lease Expiration:
N/A
Employees:
64
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
9000 sq. ft. total, Multilevels, 3 full bars and full kitchen
Competition:
Yes, but this is an established location with great character and lots of traffic. Turnkey operation, but opportunity to grow.
Growth & Expansion:
Landlord is open to a rooftop bar expansion! New operator could expand on cocktail & food menu.
Support & Training:
Available/Negotiable
Reason for Selling:
Other/Tired
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Contact the Seller

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Dan McGuire

Business Listed By:
Dan McGuire

Hospitality Services Corp.

Show Phone Number

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Sponsoring Broker:
Jerry Vlaminck

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