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Profitable Restaurant and Sports Bar with Attached Motel for sale in MN

Minnesota (MN)

Asking Price: Gross: Cash Flow:
$ 1,900,000 $ 1,915,009 $ 285,130

Furniture and Fixtures Value:
$ 400,000 (included in the asking price)

Inventory Value:
$ 29,440 (included in the asking price)

Real Estate:
$ 1,300,000 (included in the asking price)

Business Summary:
MULTIPLE REVENUE-STREAM HOSPITALITY OPPORTUNITY! Profitable full-service restaurant and bar (on-sale only) with attached 33-room motel. 80% of total sales are from the restaurant and the real estate is included in the sale. The restaurant benefits from limited competition in a rural region and has produced consistent year over year sales growth through 2019. The menu offerings and quality of service make this restaurant a 'destination' for diners in the region. The motel has been around for decades and the restaurant was re-built and is up-to-date and modern with quality finishes. The motel occupancy is dependent and cycles with the level of construction occurring in the region (oftentimes there is a waiting list, which is the case currently). This is a multiple revenue stream opportunity to own and operate two hospitality businesses under one roof.

 

   
Year Business was Established: 1970
   
Number of Employees: 4 FT / 60 PT  
   
Facilities / Terms of Lease: The business is located on a major traffic corridor and boasts a re-built restaurant with quality finishes with a dining area that seats 45, bar area with 75 seats, event room seating 250, patio with seating of 100, and office and storage with an unattached storage building. The motel has 33 rooms and one apartment. Two rooms are whirlpool suites. The two businesses are attached by an enclosed corridor. There is ample parking for both businesses.  
   
Potential Growth/Expansion: There is little to no competition in town, and additionally there is no comparable dining venue in the region which makes this restaurant a destination for many diners in the area. The location on a major traffic corridor attracts numerous diners and motel customers.  
   
Competition: There is little to no competition in town, and additionally there is no comparable dining venue in the region which makes this restaurant a destination for many diners in the area. The location on a major traffic corridor attracts numerous diners and motel customers.  
   
Owner willing to train: Will train for 2 weeks @ no cost  
   
Reason for selling: Pursuing other interests.  
   
Seller Reference Number: 5101-15793
BusinessMart.com Listing Number: 257749
 

 

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For more info contact:

Craig Sanford

Murphy Business & Financial Services
727-725-7090

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