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Profitable Restaurant | Central MN | Off I-94 Exit

Melrose, MN (Stearns County)

Profitable Restaurant | Central MN | Off I-94 Exit
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Asking Price: $595,000

Cash Flow: N/A

Gross Revenue: $893,522

EBITDA: $113,692

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 2012

Profitable Restaurant | Central MN | Off I-94 Exit

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Business Description

CBC Orion is pleased to offer for sale, Cornerstone Buffet & Restaurant - located off interstate 94 in Melrose, MN. Location is approximated 35 miles from Saint Cloud and 90 miles from Twin Cities.

Cornerstone has an excellent following in the community and has been steadily increasing year over year revenues since inception in 2012. 2018 revenue was just under $900k, with solid six-figure cash flow. Established website, strong social media presence and award-winning food make this a turnkey business opportunity.

Minimal competition in the market. Additionally, the city of Melrose has recently experienced significant expansion with the addition of Jennie O Turkey Plant ($150 MIL – employs 850 people), expansion of Centracare Health ($30 MIL) and the new Saint Mary’s Church ($7 MIL).

Offering includes Business, FF&E & Real Estate

Detailed Information

Location:
Melrose, MN
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
6,400
Facilities:
Cornerstone operates out of a 6,400 SF facility, with seating capacity of 240 customers. Huge banquet sized kitchen area. Building sits on a one acre site with 75 parking stalls. Additionally, there is elevated signage which is visible to Interstate 94.
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Scott M. Schmitt, CCIM

Business Listed By:
Scott Schmitt

Coldwell Banker Commercial Orion

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Sponsoring Broker:
Mike Schmitt

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