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Businesses For Sale > Business For Sale in Brainerd Area, Minnesota (MN)

Restaurant, Bar, Banquet Center #349241

Brainerd Area, Minnesota (MN)

Asking Price: Gross: Cash Flow:
$695,000 $550,000 Undisclosed

Furniture and Fixtures Value:
$275,000 (included in the asking price)

Inventory Value:
$13,000 (not included in the asking price)

Real Estate:
$950,000 (included in the asking price)

Business Summary:
Built in 2000, This establishment has been a favorite place for family dining, business meetings and banquets. The sports bar is a great place to get together and enjoy a drink with friends. Their baby back ribs and Walleye are favorites on their diverse menu. Restaurant is very classy and richly designed with a “Northwoods” theme, including an Alaskan Grizzly Bear and Doll Sheep to greet you at the door. This establishment is, by far, the nicest restaurant and dining experience you’ll find between St. Cloud and Fargo, a distance of over 170 miles!

 

   
Year Business was Established: 2001
   
Number of Employees: 3FT/12PT  
   
Facilities / Terms of Lease: 10,000 sq ft on 2+ acres with paved parking lot  
   
Potential Growth/Expansion: Located on Hwy 10 and is the first business you come to on the way into town! There has been a lot of growth in this central MN city including a brand new Hospital. The newly constructed Hwy 10 now bypasses the downtown business district and goes right past the south entrance of their parking lot, making it a favorite and convenient place for traveler’s to stop for lunch and dinner. The new bypass has created great opportunities for other businesses. The town will soon have a Nationally Franchised Motel. This strip will bring in much new business and new money including convenience stores, gas stations and much more to this growing community! This establishment currently boasts 200 private and public functions per year in their beautiful banquet center. Seating capacity in center is 450.  
   
Competition: Family dining has always been their focus and niche. This is an elegant restaurant but casual and affordable for the whole family. Revenue can be added by using the banquet center to its fullest potential. Owner has considered building an off sale liquor store addition. Because of its location near the Highway, this would be very profitable. There is presently an off sale license available.  
   
Owner willing to finance: $230,000 down with seller financing  
   
Owner willing to train: 30 days for new owners  
   
Reason for selling: semi-retiring/other interests  
   
Seller Reference Number: BN4108
BusinessMart.com Listing Number: 30622
 

 

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For more info contact:

Jerry Vlaminck

Hospitality Service Corp.
763-972-9077

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