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Profitable Limited Service Restaurant w/ RE for sale in Rochester, Olmsted County, MN

Rochester, Olmsted County, Minnesota (MN)

Asking Price: Gross: Cash Flow:
$ 3,049,000 $ 1,566,033 $ 143,335

Furniture and Fixtures Value:
$ 150,000 (included in the asking price)

Inventory Value:
$ 50,000 (included in the asking price)

Real Estate:
$ 2,849,000 (included in the asking price)

Business Summary:
This investment presents a Limited Service Restaurant (LSR) operation located in Rochester, MN. The business is housed in a modern, fully renovated, approx. 10k square foot commercial building, whose aesthetic celebrates the structure's rich commercial history. This business has an experiential dining model, offering customers a diverse selection of food and beverages. The location acts as a strong community magnet, drawing families and groups with its appeal, and generates additional non-dining income from a long-term commercial lease.The business features an established staff, including two managers that handle daily staff oversight and operations. The current ownership maintains minimal operating involvement, spending approximately 16 hours per week on administrative tasks and on-site duties. Significant expansion opportunities are readily achievable, including initiating operation on the currently closed days and aggressively expanding recently established catering services. This turn-key business is primed for a focused operator as the current ownership intends to fully exit in an orderly fashion, post-sale.

 

   
Year Business was Established: 2020
   
Number of Employees: 8 FT/38 PT  
   
Facilities / Terms of Lease: This business resides within an impressive commercial building, originally constructed in the mid-1900's, but significantly updated and expanded in the past 7 years. The facility operates as a multi-tenant commercial property.  
   
Potential Growth/Expansion: Prime opportunities for growth include expanding operating hours along with optimizing and adapting catering services and the menu.  
   
Competition: The LSR category is a segment defined by speed and efficiency, representing the largest portion of consumer foodservice spending. The location benefits from its presence in a growing area of Rochester, MN, a city undergoing major development due to the $5 billion Destination Medical Center initiative. Such regional economic activity increases the customer base, including patients and families associated with the Mayo Clinic, enhancing the long-term viability of the area. The sector broadly faces continuous challenges from rising food and labor costs and intense market competition, necessitating constant vigilance regarding expense management and menu innovation. Success hinges on the ability to adopt new technology to reduce labor costs and effectively manage food waste.  
   
Owner willing to train: Will train for 2 weeks @ $0 cost.  
   
Reason for selling: Other interests.  
   
Seller Reference Number: 5106-19143
BusinessMart.com Listing Number: 319377
 

 

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For more info contact:

Evelyn Correa

Murphy Business & Financial Services
727-725-7090

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