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Businesses For Sale > Business For Sale in Redwood, Minnesota (MN)

Steakhouse Reduced $20K

Redwood, Minnesota (MN)

Asking Price: Gross: Cash Flow:
$170,000 $250,000 Undisclosed

Furniture and Fixtures Value:
$75,000 (included in the asking price)

Inventory Value:
$10,000 (included in the asking price)

Real Estate:
$75,000 (included in the asking price)

Business Summary:
Beautiful steakhouse with catering facilities. 2 separate dining areas for private parties and banquets. Nice lounge bar area with full liquor and off sale. Also, includes a 2 BR apt over one of the dining rooms. Has full kitchen and separate catering kitchen with all equipment. Separate game room with pool and darts.

 

   
Year Business was Established: 1984
   
Number of Employees: 10PT  
   
Facilities / Terms of Lease: 5,300 sq ft on 70 x 100 city lot. RE taxes $2,000 year  
   
Potential Growth/Expansion: Catering sales have lots of upside potential. Additionally pull tabs could be added to drive bar sales. Presently 70% food and 30% liquor sales.  
   
Competition: Only one other bar in town with minimum food sales.  
   
Owner willing to finance: $100K down with terms  
   
Owner willing to train: 30 days for new owners  
   
Reason for selling: Retirement  
   
Seller Reference Number: BN1760
BusinessMart.com Listing Number: 35381
 

 

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For more info contact:

Jerry Vlaminck

Hospitality Service Corp.
763-972-9077

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