Lakes Area Restaurant For Sale

Not Disclosed, MN
Crow Wing County


Asking Price: Annual Revenue:
$650,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Lakes Area Restaurant For Sale Broker: Christopher C Close
License #: 40032244

Quick Facts

Asking Price: $650,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: $316,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1965
Employees: 17
BBN Listing #: 457111071
Broker Reference #: BUS221647

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Business Overview:

Business Only: $650,000 + Inventory (Inventory is estimated to be approximately $12,000 - $15,000).

Building Lease: Building, Land, Furniture, Fixtures & Equipment are to be leased by Buyer. Starting lease rate is $6,000 per month base rent. The lease is a triple net lease with Tenant responsible for property taxes, property insurance and common area maintenance.

Excellent opportunity to take over a long standing, well operated restaurant located in the 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, 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 Lakes Area.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

3,238 Square Feet Building. Seating Capacity: 90; 88 Square Feet Cooler; 66 Square Feet Freezer; Hood Suppression System (New in 2017).

Reason for Selling:

Owners wish to retire.

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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