Lakes Area Restaurant For Sale
Not Disclosed, MN Crow Wing County
Seller's Contact Information
- RE: Lakes Area Restaurant For Sale
- Contact: 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 |
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.
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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 homebased business opportunity.
- This is not a franchise resale opportunity
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