Sell a Business!
Post a business for sale for as little as $99.95! |
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Minnesota Business For Sale |
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| RESTAURANT, BALLROOM, JAZZ CLUB ONLY $100K DOWN |
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| Attn: Jerry Vlaminck |
| Monte's Steak House |
| Faribault, MN, USA |
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| Asking Price: |
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$200000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Restaurants, Fast Food, Deli |
| Reason for Selling: |
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Divest of restaurant operations |
| Year Established: |
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2007 |
| Yearly Revenues: |
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$1,200,000 |
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Business for Sale Overview:
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Deal of the Century! Restaurant/Ballroom/Jazz Club: take 1, 2 or all 3! One Year old restaurant situated in a 150 year old beautifully renovated masonry building. Located in downtown Faribault MN; population 30,000. The surrounding communities within 15 minutes are populated with another 80,000 residents. Community highlights include a newly reconstructed downtown street scape, new lighting and additional on street parking. Beautifully appointed restaurant in historic district of fast growing Faribault, MN. Main floor comfortably seats 200 guests with the lower level Jazz Club seats 125. The Paradise Center for the Arts is a recently renovated attraction in downtown Faribault; sitting up on the hill from the restaurant is the nationally recognized prep school Shattuck-St. Mary's. The restaurant grossed $1.2m in sales the first year of operations and occupied 3 of the 4 floors of the building.
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Property Features and Assets:
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1st floor, 5,826 sq ft, includes main fl, storage, deck and bathrooms, $5,553.33 per month includes CAM.
2nd floor, 2,504 square feet, $3,338.66 per month includes CAM.
Lower Level, 1,882 square feet, $2,509.33 per month includes CAM.
3rd floor could be used as a residence.
Real estate is available for $2,500,000. |
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Market Competition and Expansion:
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Good. The facility is newly constructed, up to code and fully turnkey. Additional parking near restaurant will make this the place to be for events, wedding, etc.
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Additional Details:
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- The property is leased.
- 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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