Family Restaurant for Sale Plus Bar and Grill

Not Disclosed, MN
Stearns County


Asking Price: Annual Revenue:
$350,000 $591,011

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Family Restaurant for Sale Plus Bar and Grill Broker: Scott Ruby
License #: MN 40518683

Quick Facts

Asking Price: $350,000
Annual Revenue: $591,011
Net Profit: Not Disclosed
Cash Flow: $36,734
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1978
Employees: 19
BBN Listing #: 1768096
Broker Reference #: 7043

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Business Overview:

This Restaurant for Sale has it all! Two Businesses with Prime Real Estate! Over $637,000 in sales nets a nice return for the owner operator. Lending with 20% down and 20-year term! Full liquor license transfers! This Restaurant for Sale is priced at $350,000 and has over 40 years of success for you to build on! The food sales of over $521,000 and liquor sales of over $115,000 make for a grand total of $637,000 in sales! The real estate alone shows a value of $341,000 per the county tax records! This opportunity includes a family restaurant for sale with a separate bar and grill and it even includes highly visible real estate. This real estate is located adjacent to a hotel and right off the interstate, making this the perfect location to continue to operate the businesses or build a new concept. The Family restaurant for sale offered by We Sell Restaurants serves breakfast, lunch and dinner. This is the place in town known for a great home cooked meal. The commercial kitchen on the main level is large enough to provide both businesses with great food, even during the busiest of times. The business also has 3 banquet areas to hosts parties of all sizes and 100+ people. Buy this successful long-standing restaurant for sale that includes the real estate at a fraction of the cost of building new. These locations have been a staple in this community since the 1977. The original owners had this business for 20 years and the present owners are approaching 23 years! A successful long-standing business with only 2 owners! The present owners are finally ready to retire, making this a great opportunity for you! Don't rent from someone else -- forget landlords. You can but the real estate on an SBA loan and be approved in just two days with our excellent lenders. With real estate involved, the term of the loan is 20 years. That means you are building equity and paying off your loan from the earnings of the business. The real estate is slightly over an acre and has ideal I-94 visibility. This restaurant for sale is located next to a hotel and has enough parking to handle all the business. The building has been well maintained, with a newer steel roof, and siding. This is the perfect opportunity to continue to operate the successful businesses or start your own concept on this prime lot and location!

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Property Features and Assets:

Tables Chairs Bar Stools Fryer Walk In Cooler

Market Competition and Expansion:

Continue to operate the 2 businesses, or build out your own concept on this prime real estate parcel.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • 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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