Brainerd Lakes Area Restaurant For Sale

Not Disclosed, MN
Crow Wing County

Asking Price: Annual Revenue:
$1,200,000 $1,064,526

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Brainerd Lakes Area Restaurant For Sale Broker: Chris Close
License #: 40032244

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $1,064,526
Net Profit: Not Disclosed
Cash Flow: $388,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1965
Employees: 17
BBN Listing #: 24111071
Broker Reference #: BUS221647

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Business Overview:

Excellent opportunity to take over a long standing, well operated restaurant located in the Brainerd Lakes Area. In operation for over 50 years, this restaurant has been serving the masses with exceptional made-fresh breakfast, lunch & dinner, along with family-style to go, and catering. Serving their sought after specialties along with local pies, they proudly invite hungry ones in for a hefty heart-warming bite. This is a great opportunity to own a successful, reputable restaurant while living in nature's paradise in the Brainerd Lakes Area. $1,200,000 + Inventory (Inventory is estimated to be approximately $12,000 - $15,000). Price Includes Land, Building, Furniture, Fixtures & Equipment.

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Property Features and Assets:

3,238 Square Feet Building; 1.71 AC Land; Highway Frontage; Seating Capacity: 90; 88 SF Cooler; 66 SF Freezer; Hood Suppression System (New in 2017); Roof-Top HVAC (New in 2017 & 2018); Asphalt Shingles (New Fall 2019), Spray Foam & Rubber Membrane (New 2018); 40 Paved Parking Stalls.

Market Competition and Expansion:

Key Growth Opportunities • Smoked Barbeque – The seller is planning to purchase a smoker and sell walk-up barbeque food outdoors in the summer months. It is anticipated this will result in significant revenue growth in 2022 and beyond. • Catering - Several years ago the owner was active in catering food for many local events. At one point in time the business had two employees dedicated to catering. A new owner could quickly increase revenue by offering catering services. • Longer Operating Hours – The current operating hours are from 7:00 AM – 9:00 PM. A new owner could expand the operating hours to generate more business. • Digital Marketing Sign – With the prime stoplight corner on busy Hwy. 371, a new owner could install a digital sign advertising the restaurant and its specials which would attract current and new customers.

Reason for Selling:

Owners wish to retire.

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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