Profitable Restaurant & Bar-New Kitchen and Banquet Facility

MN

Seller Financing Available
Profitable Restaurant & Bar-New Kitchen and Banquet Facility
Contact Seller

Asking Price: Get Financing: $595,000

Cash Flow: $137,113

Gross Revenue: $727,158

EBITDA: N/A

FF&E: $96,420

Inventory: $16,500*

Real Estate: $398,444

Established: 2007

*not included in asking price.

Profitable Restaurant & Bar-New Kitchen and Banquet Facility

Get Financing Save Print Share Valuation Report

Business Description

This full service restaurant and bar offering off site catering is a local favorite. The business is located in the center of town on main street of a picturesque community in SE MN. There is minimal competition in the surrounding market. Recently remodeled restaurant and bar area, featuring a brand new kitchen and banquet facility. The business also has a nice patio area with an outdoor bar to serve patrons during the summer season. Restaurant sells typical American style food. Banquet hall facilities allow for rental income from events such as holiday parties, graduations, wedding receptions and other activities to bring in additional patrons. This restaurant has a very loyal and steady clientele. Located in the center of town on main street, this business has great exposure which attracts many new customers from the heavy traffic.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
1 FT/24 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Having recently remodeled the restaurant and bar area, including new equipment and the addition of a brand new kitchen and banquet facility this business is the perfect opportunity for a new owner wanting a turnkey operation. The building also has a completely remodeled three bedroom apartment featuring a cozy two sided fireplace and a private patio located just off of the master bedroom suite. The residence currently serves as the owner's home. The apartment is located on the second level of the building. This would be an excellent rental property to generate additional revenue. (Home Based)
Competition:
With only two competitors within 15 miles of this business and a steadily growing community this business is positioned to be profitable for years to come.
Growth & Expansion:
Located in a beautiful growing community in southeast Minnesota and having an excellent reputation for great food and a fun atmosphere this business will enjoy steadily, stable growth for years to come. Additional advertising and marketing in the surrounding communities will increase the business's brand awareness and help drive business growth.
Financing:
$535,499 Down/ $59,501 for 60 mos. @ 7%.
Support & Training:
Will train for 2 weeks @ no cost. The restaurant features a full menu of hometown favorites including locally famous burgers, brick-oven handmade pizzas and delectable desserts. A full service bar with several large screen TVs and new seating areas. The new owner would need to understand the bar and restaurant industry.
Reason for Selling:
The owner wants to retire.
Home-Based:
This business is Home-Based
Contact Seller

Contact the Seller

Contact Seller Loading

Scott Krook

Business Listed By:
Scott Krook

Murphy Business & Financial Corporation

Show Phone Number

View My Listings


Sponsoring Broker:
Patrick Steffl

Listing Statistics

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


Ad#:1406549 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


Bonchon

Franchise Opportunity
Capital Required: $400,000