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Businesses For Sale > Business For Sale in NW Suburb, Minnesota (MN)
Sports Bar, Restaurant, Banquet Center for sale in NW Suburb, MN
NW Suburb, Minnesota (MN)
| Asking Price: |
Gross: |
Cash Flow: |
| $ 1,850,000 |
$ 1,000,000 |
Undisclosed |
Furniture and Fixtures Value:
$ 375,000 (included in the asking price)
Inventory Value:
$ 15,000 (not included in the asking price)
Real Estate:
$ 2,450,000 (included in the asking price)
Business Summary:
Originally built in 2007 Fabulous 3,772 sq ft banquet facility has been under utilized and is just now starting to take off. Banquets are booked solid through September. Many other banquets are booked for the fall including Ducks Unlimited and MN Deer Hunters Association to name a few. Brand new Motel near by adds to banquet interest and value. Sales have been averaging $80-90K per month and will increase with the addition of the added income from the banquet and event center. Live bands on the weekends, karaoke and small combos during the week keep steady crowds. Meat Raffles, Pull Tabs and Bar Bingo also generate their sales. Beautiful large gated outdoor patio.
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| Year
Business was Established: 2007 |
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| Number of Employees:
2FT/35PT |
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| Facilities / Terms of Lease:
13,758 sq ft on 2.38 acres. Ample parking. |
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| Potential
Growth/Expansion:
Networking with motel is a huge plus for the banquet center. Motel is the only one in the immediate area. Volleyball courts could be added. |
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| Competition:
This is a rare opportunity for a qualified restaurant/Bar/Event Planner to take advantage of a great opportunity! Appraised value at $2,450,000.00 gives a buyer an instant equity of $600,000.00 plus.
*note: Appraised value includes only a portion ($135K) of actual FF&E. Customers love this venue and continue to support and frequent this business. |
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| Owner
willing to finance:
$300K down, balance assumable |
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| Owner
willing to train:
Absentee owner |
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| Reason for selling:
Divest or property/other opportunities. |
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Seller Reference Number: 459114
BusinessMart.com Listing Number: 61405 |
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To request more information
on this business
please fill out the form shown right 
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For
more info contact:
Jerry Vlaminck
Hospitality Service Corp.
763-972-9077
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