Popular Cafe For Sale in North Central MN

Crow Wing County, MN

Popular Cafe For Sale in North Central MN
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Asking Price: $275,000

Cash Flow: $147,200

Gross Revenue: $415,800

EBITDA: $147,200

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1976

Popular Cafe For Sale in North Central MN

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Business Description

PRICE REDUCED TO $275,000 FROM $399,000! Business continues to grow in sales and has a high cash flow that supports the asking price. With a long standing history in North Central Minnesota, purchasing this business is a rare and exciting opportunity. The business continues to thrive with 2017 & 2018 sales up over 2016 sales. Famous for their original pancake recipe, the Cafe draws in the crowds for their breakfast, served all day, as well as providing an extensive menu of lunch and dinner items. The Cafe is located near a large lake that is popular for fishing, shopping, dining, and more - now its your turn to benefit from the locals and tourists alike.

Detailed Information

Location:
Crow Wing County, MN
Real Estate:
Owned
Included in asking price
Building SF:
5,440
Employees:
5
Facilities:
The restaurant/cafe is located on 0.27 acres just across the Hwy from a popular lake. The building is 5,440 SF Total. The Main Level is 3,928 SF and contains a kitchen, bakery, dining room, 2 coolers, retail space, storage and 2 restrooms. The Upper Level is 1,512 SF and contains a kitchen, dining room, storage and 2 restrooms. Main Level seating capacity is 30. There is an extensive equipment list available. Building was built in 1980, however the family business has been around since 1976.
Growth & Expansion:
Key Investment Considerations Include: Quality real estate with an excellent location; Established market position; Attractive work schedule; Lakes Area lifestyle; Established reputation of delivering quality food and service; and Additional growth potential. Key Growth Opportunities Include: Opening the adjoining bakery; Increasing revenue through better marketing via social media; Increasing hours into the evenings; Keeping the restaurant open from mid-November to mid-December; and Utilizing vacant retail space.
Reason for Selling:
Owners wish to move on to new endeavors.
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(from currently available funds)
 
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Christopher C. Close

Business Listed By:
Christopher Close

Close-Converse Commercial Properties

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