Business for Sale Overview:
Originally built in 2007 Fabulous 3,772 square feet banquet facility has been under utilized and is just now starting to take off. Banquets are booked solid through September. Many other banquets are booked for the fall including Ducks Unlimited and MN Deer Hunters Association to name a few. Brand new Motel near by adds to banquet interest and value. Sales have been averaging $80,000-$90,000 per month and will increase with the addition of the added income from the banquet and event center. Live bands on the weekends, karaoke and small combos during the week keep steady crowds. Meat Raffles, Pull Tabs and Bar Bingo also generate their sales. Beautiful large gated outdoor patio.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
13,758 square feet on 2.38 acres.
Market Competition and Expansion:
This is a rare opportunity for a qualified restaurant/ Bar/ Event Planner to take advantage of a great opportunity! Appraised value at $2,450,000 gives a buyer an instant equity of $600,000 plus. Note: Appraised value includes only a portion ($135,000) of actual Fixtures, Furniture & Equipment. Customers love this venue and continue to support and frequent this business.
Reason for Selling:
Divest of Real Estate
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.