Prime realestate , bar , rest , $699,000

Forest Lake, MN (Washington County)

Prime realestate , bar , rest , $699,000

Asking Price:$699,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$799,000

Established:1909

Prime realestate , bar , rest , $699,000

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Business Description

Recent appraisal $1,2 million SALE PRICE ONLY 699000. Instant equity! Next to the boat lunch and shores of forest lake ! 3 level's of bar , game room , dinning , entertainment room, outside deck facing lake, it's all here waiting for the right entrepreneur to bring this well known bar & restaurant back to life again !! Own this prime piece of realestate located in the heart of downtown of forest lake . A great opportunity awaits you , are you up for the challenge ? Give us a call today and we will be happy to assist you in every way to make your investment pay off $$$$. 'Pete' previous owner for 16 years , after getting sales to over a million began adding on and pouring $$$ into , added 3 levels to back of building , second floor game room , dinning room , martini bar , kitchen renovation , new bar , outside deck , elevator , etc...... You know the rest of the story ?

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
XX
Facilities:
Lot size - 8,359' Building size -7,271' with 3 levels built on back of building , a dinning room , a separate bar, with outdoor deck looking at lake , a large game room to hold pool tables etc .. The bar has is fully equipped with all of the equipment in place . Needs a good cleaning and inspection of all equipment and your on your way of opening up for business ! Ample parking in the lot facing the lake , next to boat launch and beach !
Competition:
Their is some local Competition in surrounding area which is good for this location , bringing in more people to area! The location is prime located right next to public beach and boat launch on forest lake ! Forest lake has seen continued growth and has began a great place to live and work and enjoy the surrounding lakes .
Growth & Expansion:
Given the awesome location , the high traffic counts , just needs the right ownership group to aggressively advertise and market your brand and be involved of what's going on in the surrounding area and capture their attention ! Recognize the potential for rapid growth ! Keys to success : be on - site operational owners and be involved in all management at all levels , product quality and great customer service , managing finances , controlling inventory costs , work with all local business close by ( cross marketing ) support your local sports organizations etc... ! The MAIN force for growth will be being engaged in the business hands on ..
Financing:
None
Support & Training:
The agent (George Novak ) has 30 years experience in the bar & restaurant business . We will recommend the group of professionals that been in the business and help you get this exciting adventure up and running and take it to the next !
Reason for Selling:
Previous owner had poured to much $$$ into improvements !

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George A Novak

Business Listed By:
George Novak

Core Commercial Real Estate

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