Historic Minnesota Restaurant

Not Disclosed, MN


Asking Price: Annual Revenue:
$649,000 $420,875

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Historic Minnesota Restaurant Broker: Rey Gonzales

Quick Facts

Asking Price: $649,000
Annual Revenue: $420,875
Net Profit: Not Disclosed
Cash Flow: $67,137
Total Debt: Not Disclosed
FF&E: $140,000
Real Estate: Not Disclosed
Year Established: 1946
Employees: 26
BBN Listing #: 86074955
Broker Reference #: 5401-14430

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Business Overview:

If you're in the market for a great restaurant opportunity, look no further! In business for over seven decades, this restaurant has built a loyal following, established a statewide reputation for their food and become a staple in their community.
The business resides in a new, 3,600 square foot building, that sits on a busy highway. Excellent visibility, parking, and access. The current owner works full-time in the business and has approximately 25 employees, a combination of full-time and part-time.
Part of the allure of this business is the various offerings of how they serve their customers, along with how they handle the winter months. The past success, excellent reputation, new Real Estate and good growth opportunities makes this a prime opportunity for a serious buyer!

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Property Features and Assets:

Business is housed in a new 3,600 square foot building. It sits on excellent highway frontage and has plenty of parking space, on a large lot. All assets are in perfect working order, and included in the sale. An itemized list will be provided to qualified buyers. Total Assets; $720,000.

Market Competition and Expansion:

Over the last six plus decades, the business has built a loyal following within the region and an excellent reputation across the State. Not a lot of direct competition in the community, but some in-direct competition in the way of fast food, convenience store offerings, etc. Although the business has established a loyal following, there are still excellent avenues for additional growth. The restaurant is open for lunch and dinner, so adding breakfast would be a nice addition. Another good revenue stream would be the addition of catering services. The business does some catering now, but by no means focuses on that service. With technology moving so fast, another possibility would be adding on-line ordering. Currently, 38% of the business is carry-out, so adding this makes sense. A final idea may be the addition of adding a beer & wine license. The restaurant has never offered adult beverages, but it may be an option going forward.

Reason for Selling:

Owner looking to semi-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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