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Minnesota Business For Sale

  
SPORTS BAR AND RESTAURANT


Attn: Jerry Vlaminck
Norwood/Young America, MN, USA
Listing Number: "355213"
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Asking Price: $350,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Bars, Clubs, Nightspots
Year Established: 1987
Yearly Revenues: $600,000



Business for Sale Overview:
The Sports Bar/Restaurant is currently closed. The business is known as Richards on Main. Included in the sale is the real estate along with all kitchen and bar equipment, furnishings, china, flatware, liquor license and fixtures. Ideal situation for husband and wife team looking to escape the metro area for a more sedate lifestyle.

Property Features and Assets:
Building Size: 3,500 sq ft main floor; Acreage: Lot size is 10,230 sq. ft.; Lease: $2,000/mo, triple net with option on building and land; $100K w/$50K down for business equipment only. $295K with $50K down with C/D for building and land.

Market Competition and Expansion:
The owner is looking to sell the property and equipment to someone interested in operating a restaurant. Excellent opportunity to become your own boss. Full basement available for storage. Above the bar is a 2 bedroom apartment that currently rents for $650/mo. Norwood/Young America is just 25 minutes west, southwest of I-494 and Hwy 5. Building was totally remodeled 4 years ago. Building appraised in 2001 @ $405,000. Limited direct competition. Busy Hwy 5 and 212 have high traffic.


Additional Details:
  • 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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