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Lakeshore Restaurant, Bar & Grill & Event Center for sale in MN

Minnesota (MN)

Asking Price: Gross: Cash Flow:
$ 1,800,000 $ 670,060 Undisclosed

Furniture and Fixtures Value:
$ 300,000 (included in the asking price)

Real Estate:
$ 1,500,000 (included in the asking price)

Business Summary:
This is a beautiful lake-shore Restaurant, Bar, with On and Off Sale Liquor as well as House Boat rentals. The business is located on a top 20 largest lake in a popular vacation and fishing lake region in Minnesota. Indoor seating capacity is over 200 with another 100+ outside in the summer. The business is perfect for a pleasant night out or can host events, receptions, business meetings and parties and offers catering as well. This is fine and casual dining in a family atmosphere while enjoying a beautiful view of the lake. SELLER FINANCING OFFERS WILL BE CONSIDERED.

 

   
Year Business was Established: 1954
   
Number of Employees: 30 PT  
   
Facilities / Terms of Lease: Located on just under a 2 acre lot with over 600 feet of shoreline topped of with a beautifully updated 8,500 sq. ft building. The owner has maintained and remodeled the building and it is in excellent condition. There is seating in the bar and lounge area, restaurant dining, covered outside patio, patio pergola area and Event Center. House boat rentals are available for cruising the lake in style. This business is a 'must see'.  
   
Potential Growth/Expansion: The business is positioned well for an new owner-operator to run. The property is updated and should allow the new owner to operate with little, if any, repairs or cap ex in the near term.  
   
Competition: Normal lake region competition exists in the area, but there are no other businesses that offer the combination of services in as modern a setting as this one-stop location for lake-shore hospitality.  
   
Owner willing to train: Will train for 2 weeks @ no cost  
   
Reason for selling: Pursue other interests.  
   
Seller Reference Number: 5101-15761
BusinessMart.com Listing Number: 257036
 

 

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For more info contact:

Craig Sanford

Murphy Business & Financial Services
727-725-7090

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