Established Rochester MN Restaurant

Not Disclosed, MN
Olmsted County

Olmsted County

Asking Price: Annual Revenue:
$155,000 $1,307,364

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Established Rochester MN Restaurant Broker: Jacob Petersen
Owner Financing is Available!
$31,000 down/$77,500 for 60 mos. @ 5%/ Other Financing

Quick Facts

Asking Price: $155,000
Annual Revenue: $1,307,364
Net Profit: Not Disclosed
Cash Flow: $173,955
Total Debt: Not Disclosed
FF&E: $87,500
Real Estate: Not Disclosed
Year Established: 1991
Employees: 24
BBN Listing #: 74074955
Broker Reference #: 5106-14788

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Business Overview:

Successful, well established restaurant in Rochester, MN. This full-service, home town favorite boasts a large, professional and dependable staff, a great location and many loyal patrons. Offering seller financing at 50% of the purchase price, this business is a great opportunity to get into the Rochester restaurant market at a reasonable price point.

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Property Features and Assets:

Building is leased, lease expires Mar 1, 2020. Landlord is open to negotiations on new lease. Total Assets Included: $114,069

Market Competition and Expansion:

There are many restaurants in Rochester, MN. The Mayo Clinic brings in millions of visitors every year and Rochester is the economic hub of Southeast, MN, leading to extremely high demand when compared to the population size. This business is well situated for the continued expansion of Rochester's economic base and should capitalize fully on the growth in the area. Well poised to capitalize on growth in the local community, a new owner could focus on these areas to increase the top and bottom line: 1) improve marketing efforts, 2) bring in more entertainment, 3) update the POS system for better process management, 4) and install electronic pull tabs.

Reason for Selling:

Owner wishes 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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