"(( RBOMN ))": Lyle's Cafe, Winthrop, MN

Winthrop, MN (Sibley County)

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Asking Price: $195,000

Cash Flow: N/A

Gross Revenue: $60,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1937

"(( RBOMN ))": Lyle's Cafe, Winthrop, MN

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Business Description

Historic restaurant in Winthrop, MN that has been in business for almost 80 years. A well-known restaurant in the area and throughout the state, many times featured on WCCO radio by Roger Ericson and Charlie Boone. Restaurant was started by Pie Lady of Winthrop about 80 years ago, current owner has had the restaurant for 18 years. Restaurant is located right of Highway 19 with great visibility, ample parking and parking available for semi-trucks as well. This is a great restaurant with a lot of history, the only restaurant in the nearby cities which offer breakfast and lunch only. This is a destination place for families and friends from nearby cities to meet in the “middle” for great food and a homelike atmosphere for everyone.
*Extraordinary food, reputation and atmosphere. *Everything is homemade by the owner of 18 years.
*Purchase includes: real estate property with all furniture, fixtures and equipment.

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
3,000
Facilities:
Property is in good shape, HVAC system recently updated along with the furnace. Has walk-in cooler and walk-in freezer both in good condition. Kitchen equipment is good shape, hood system and ventilation is up to the code and was recently inspected by the city. Has 3 compartment sink and 2 additional washing stations.
Competition:
No competition in surrounding cities.
Growth & Expansion:
Growth and Expansion:Current owner is not able to fully develop the potential of the restaurant due to shorten hours for family reasons. There is a huge potential for an owner operator who always dreamed of owning a restaurant.
Support & Training:
Support and Training: Two weeks training provided by seller, additional training can be arranged between buyers and seller.
Reason for Selling:
Retiring
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Oleg Dascaliuc

Business Listed By:
Oleg Dascaliuc

RBOMN - Restaurant Brokers of Minnesota, Inc.

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Sponsoring Broker:
DJ Sikka

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