Historic Minnesota Restaurant for Sale


Historic Minnesota Restaurant for Sale
Contact Seller

Asking Price: $649,000

Cash Flow: $67,137

Gross Revenue: $420,875


FF&E: $140,000

Inventory: $15,000*

Real Estate: $580,000

Established: 1946

*not included in asking price.

Historic Minnesota Restaurant for Sale

Save Print Share Valuation Report

Business Description

If you're in the market for a great restaurant opportunity, look no further! In business for over seven decades, this restaurant has built a loyal following, established a statewide reputation for their food and become a staple in their community.
The business resides in a new, 3,600 square foot building, that sits on a busy highway. Excellent visibility, parking, and access. The current owner works full-time in the business and has approximately 25 employees, a combination of full-time and part-time.
Part of the allure of this business is the various offerings of how they serve their customers, along with how they handle the winter months. The past success, excellent reputation, new Real Estate and good growth opportunities makes this a prime opportunity for a serious buyer!

Detailed Information

Not included in asking price
Real Estate:
Included in asking price
Building SF:
3 FT/23 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Business is housed in a new, 3,600 square foot building. It sits on excellent highway frontage and has plenty of parking space, on a large lot.
Over the last six plus decades, the business has built a loyal following within the region and an excellent reputation across the State. Not a lot of direct competition in the community, but some in-direct competition in the way of fast food, convenience store offerings, etc.
Growth & Expansion:
Although the business has established a loyal following, there are still excellent avenues for additional growth. The restaurant is open for lunch and dinner, so adding breakfast would be a nice addition. Another good revenue stream would be the addition of catering services. The business does some catering now, but by no means focuses on that service. With technology moving so fast, another possibility would be adding on-line ordering. Currently, 38% of the business is carry-out, so adding this makes sense. A final idea may be the addition of adding a beer & wine license. The restaurant has never offered adult beverages, but it may be an option going forward.
Support & Training:
Will train for 3 weeks @ $0 cost. In addition to the necessary state and federal required business licenses, a food handling certification is also required.
Reason for Selling:
Owner looking to semi-retire; pursue other interests.
Contact Seller

Contact the Seller

Contact Seller Loading

Rey Gonzales

Business Listed By:
Rey Gonzales

Murphy Business & Financial Corporation

Show Phone Number

View My Listings

Sponsoring Broker:
Calvin Breske

Listing Statistics

Saved This Listing:
Days Active On Site:
Appeared in Search:
Listing Detail Views:

Ad#:1556008 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Similar Listings

Russo’s New York Pizzeria

Franchise Opportunity
Cash Required: 200000