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Minnesota Business For Sale |
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| MAGNOLIA BAR & STEAKHOUSE (BUILDING & LAND) |
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| Attn: April Boucher |
| Magnolia Bar & Steakhouse |
| Luverne, MN, USA |
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| Asking Price: |
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$695,000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Restaurants, Fast Food, Deli |
| Reason for Selling: |
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The seller(s) have made the decision to transfer the business due to health reasons and will agree to a non-compete and assist a buyer through the transition period. |
| # of Employees: |
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37 |
| Yearly Revenues: |
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$698721 |
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Business for Sale Overview:
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SBA Assumable Loan
This exciting business opportunity consists of three businesses operating under one roof; Restaurant & Steakhouse, Meat Retail Store, and Bar/Lounge to include a full menu. Lunch or evening dining menus consist of custom-aged hand-cut steaks, seafood, and specialty dishes. The fully stocked bar services customers for all occasions. Three separate party/meeting rooms are available for groups of all sizes and menu choices. The long standing history of the business is excellent marketing – repeat customers, referrals, and party groups. Private parties may be reserved for up to 80 people. The lounge area offers a historical bar, sun room, patio, and games. Land and Building are included for $575,000. All FF&E are maintained and in good condition. The seller(s) have made the decision to transfer the business due to health reasons and will agree to a non-compete and assist a buyer through the transition period. This business is in excellent position to be transferred giving a buyer years of successful history, a faithful employee base, and loyal customers old and new alike.
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Additional Details:
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- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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