Award Winning Neighborhood Bar for Sale

Minneapolis, MN
Hennepin County


Asking Price: Annual Revenue:
$1,400,000 $698,539

Food & Beverage: Bars, Clubs, Nightspots


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RE: Award Winning Neighborhood Bar for Sale Broker: Scott Ruby

Quick Facts

Asking Price: $1,400,000
Annual Revenue: $698,539
Net Profit: Not Disclosed
Cash Flow: $219,142
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1962
Employees: 4
BBN Listing #: 22468096
Broker Reference #: 7756

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Business Overview:

Buy this Award Winning Bar for Sale in the highly sought after NE Minneapolis Art District! Real Estate is included in the purchase! The real estate includes the bar with a beautiful outdoor patio, and two rental apartments upstairs. This is your chance to buy a great award winning Bar for Sale! This bar was originally established in 1962 with the present owner owning it for the past 25 years! The bar has been awarded the best dive bar in Minneapolis, and the best meat raffle several times over the few years! The 1300 square foot Bar for Sale is the perfect size neighborhood bar to operate. Seating for up to 100 customers inside and up to 40 customers on the beautiful outside patio. They offer a very simple but crowd-pleasing menu. The kitchen includes a vent less fryer, pizza over and a simple to operate design. The bartender can manage both the kitchen and still take care of the customers at the bar. This means that you can keep your labor costs to a minimum! Can you say rental income? This Bar for Sale includes two separate apartments above the bar bring in very nice monthly rental income, as well as off street parking in the 3 car garage. This is very hard to find in the NE Minneapolis area. The apartments are top of the line with granite counter tops and are meticulously maintained. They also get rental income coming from the dart machines, jukebox and other games, as well as rental income from the pull tab organization. We Sell Restaurants is proud to offer this award winning Bar for Sale! This is a very simple to operate and successful bar with a great long and successful history. They are open from 10am - 2am everyday. They have meat raffles, bingo, dart leagues and other games with great music all in a very comfortable, clean, hip and trendy atmosphere. This is your chance to buy into a long established and successful business while also building equity in the real estate. Call or email today for more information on this Bar for Sale! Scott Ruby is a licensed agent with Red Key Realty - Call us today (612) 352-8718!

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Property Features and Assets:

Bar TV's Bar Bar Stools Tables Chairs Kitchen 2 Pizza Portable Ovens Vent less Fryer Refrigerator Stainless Table Basement Walk In Cooler Storage Shelves Beverage Shelves Mop Sink Outdoor Patio TV Patio Furniture Patio Chairs 40

Market Competition and Expansion:

Rental income from 2 upstairs apartments, income from games/darts and rent from the charitable gaming pulltabs. Neighborhood bar in popular NE Mpls Art District, 3 car garage, nice patio

Reason for Selling:

Retiring

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.

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