Iconic Restaurant in Central Minnesota

Not Disclosed, MN


Asking Price: Annual Revenue:
$349,000 $501,124

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Iconic Restaurant in Central Minnesota Broker: David LaVoi

Quick Facts

Asking Price: $349,000
Annual Revenue: $501,124
Net Profit: Not Disclosed
Cash Flow: $114,427
Total Debt: Not Disclosed
FF&E: $27,619
Real Estate: $200,000
Year Established: 1955
Employees: 14
BBN Listing #: 31794955
Broker Reference #: 5101-14343

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Business Overview:

This iconic restaurant located in the lakes area of central Minnesota was established in the 50's and is the go to place for great food and excellent service. The business is open all day serving breakfast, lunch and dinner so they are there when the patrons are hungry.
The design of the building enables the business to accommodate small private groups or parties. This is a very busy restaurant and is fully staffed to assist the new owner with the transition.

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Property Features and Assets:

This very well maintained 2,400 square feet facility seats 95. The atmosphere of the restaurant brings you back to the 50's which is very fitting for the history of the business. The business is situated on a very busy highway so they are always getting new drive by customers. Assets= $231,307

Market Competition and Expansion:

The business is located in a small community about 10-15 miles from any major city. There is one other bar and restaurant in the community but does not seem to affect there business. The business has been around for a long time so it is the go to place in the area. This business has a liquor license for both On & Off Sale which they have not promoted much. With the location being on a very busy highway, expanding the Off Sale business would enhance the overall business. There is already a pad in place to expand the building.

Reason for Selling:

Retirement

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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