Restaurant and Bar with Attached Motel

Not Disclosed, MN

Asking Price: Annual Revenue:
$1,775,000 $2,396,214

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Restaurant and Bar with Attached Motel Broker: Pat Steffl

Quick Facts

Asking Price: $1,775,000
Annual Revenue: $2,396,214
Net Profit: Not Disclosed
Cash Flow: $636,968
Total Debt: Not Disclosed
FF&E: $450,000
Real Estate: $1,175,000
Year Established: 1970
Employees: 64
BBN Listing #: 59764955
Broker Reference #: 5101-15793

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Business Overview:

LENDER PRE-QUALIFIED, MULTIPLE REVENUE-STREAM HOSPITALITY OPPORTUNITY! Did well in 2020 and 2021 is on pace to be MOST PROFITABLE YEAR EVER. Full-service restaurant and bar (on-sale only) with attached 33-room motel. 80% of total sales are from the restaurant and the real estate is included in the sale. The restaurant benefits from limited competition in the region and has produced consistent year over year sales growth through 2021. The menu offerings and quality of service make this restaurant a 'destination' for diners in the region. The motel has been around for decades and the restaurant was re-built and is up-to-date and modern with quality finishes. The motel occupancy is dependent and cycles with the level of construction occurring in the region (oftentimes there is a waiting list, which is the case currently). This is a multiple revenue stream opportunity to own and operate two hospitality businesses under one roof.

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Property Features and Assets:

The business is located on a major traffic corridor and boasts a re-built restaurant with quality finishes with a dining area that seats 45, bar area with 75 seats, event room seating 250, patio with seating of 100, and office and storage with an unattached storage building. The motel has 33 rooms and one apartment. Two rooms are whirlpool suites. The two businesses are attached by an enclosed corridor. There is ample parking for both businesses. Assets= $1,625,000.

Market Competition and Expansion:

There is little to no competition in town, and additionally there is no comparable dining venue in the region which makes this restaurant a destination for many diners in the area. The location on a major traffic corridor attracts numerous diners and motel customers. Increased advertising further outside region on major traffic corridor to make travelers aware of the hospitality opportunity they are approaching.

Reason for Selling:

Pursuing other interests.

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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