Iconic Family-Style Restaurant Near MN/WI Border

Not Disclosed, MN


Asking Price: Annual Revenue:
$325,000 $373,392

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Iconic Family-Style Restaurant Near MN/WI Border Broker: Duane Johnson or Chris Lappen

Quick Facts

Asking Price: $325,000
Annual Revenue: $373,392
Net Profit: Not Disclosed
Cash Flow: $128,029
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: Not Disclosed
Year Established: 1982
Employees: 7
BBN Listing #: 514528483
Broker Reference #: 11513 DJ CL

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Business Overview:

Iconic family-style restaurant & café located on the main street in a very popular downtown area near MN/WI border. This location has been in business under the current ownership for over 33 years! They serve breakfast and lunch items 7 days a week from 8am – 2pm (six hours a day)! They have a great mix of loyal local customers and individuals visiting this destination area. Great opportunity for an owner-operator to capitalize on a great location in a growing area. New hotels, apartments and condominiums are currently under construction in the immediate vicinity of this business. Heavy traffic area, clean restaurant and fully staffed. 2021 revenues exceeded $370,000 with an adjusted net income of $128,029. 2022 is on track to do the same. This opportunity is only available due to owner retirement. Asking price of $325,000. For more information, please contact Duane Johnson or Christopher Lappen.

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Reason for Selling:

Retiring

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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