Iconic, Profitable Family Style Restaurant
Not Disclosed, MN Not Disclosed
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- RE: Iconic, Profitable Family Style Restaurant
- Contact: Russell Bengtson
Quick Facts
| Asking Price: | $1,366,207 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $484,342 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $114,030 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1965 | |
| Employees: | 21 | |
| BBN Listing #: | 987805 | |
| Broker Reference #: | 17441-811305 |
Business Overview:
This family style restaurant has been serving great food for lake country for decades. Excellent location on main highway in a major tourist area.
This restaurant started in 1965 and has been under current ownership since 1984. New menu items offered including smoked meats and liquor (Bloody Marys, mimosas, and beer)
Potential Growth
Expansion of catering services and liquor products offered
Competitive Overview
Competition is mainly bars serving only burgers and pizza on limited hours
Real estate: three buildings (2300 sq ft) on 1.7 acres in high traffic location
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Reason for Selling:
retirementAdditional 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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