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| Status: |
Available |
| Listing ID#: |
627250 |
| Listing Type: |
For Sale - Business Only |
| Property Type: |
Bars & Taverns |
| Location: |
7 County Metro 55309 Minnesota |
| Asking Price: |
USD 425,000 |
| Down Payment: |
50% down |
| Gross Income: |
1000000 |
| Cash Flow: |
150000 |
| Furniture, Fixtures & Equipment: |
350000 |
| Inventory: |
20000 |
| Lease: |
7400/mo |
| Seller Financing Available: |
Yes |
| Financing: |
50% down |
| Reason Selling: |
Downsizing |
| Year Established: |
2005 |
| Facilities: |
4600 sq ft |
| Competition: |
Only one of it's kind in the area. |
| Market Outlook: |
Bar is located in a new mall that is 100% occupied. Being a very popular mall it is anchored by Franchise grocery chain, Caribou Coffee, Verizon, Totally Tan, to name a few. It is a very busy mall with lots of traffic. |
| Growth & Expansion: |
Bar is currently making the majority of their revenue from 11am to 8pm. Marketing the evening hours and possibly adding late night entertainment would increase revenue. Supporting local sports teams is another good way to increase volume and revenue. |
| Support/Training: |
10 business days as needed |
| Employees: |
4FT/15PT |
| License requirements: |
On sale liquor Food Handler’s Certificate |
| Submission Date: |
08-17-2011 |
| Last Update: |
12-13-2011 |
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| Agent Details: |
Steve Swenson |
| Company Name: |
HSC Brokers |
| Phone Number: |
763-972-9077 |
| Fax: |
763-972-9080 |
| Mobile Phone: |
612-388-7334 |
This is a very successful business that is doing great numbers and cash flow. Located in Northwest Metro, it is the most popular bar and restaurant in the area! Known for their great food and happy hours they do most of their business during Lunch, Dinner and “happy hour”. The place is beautiful inside and out including granite bar counter tops and a great kitchen.The owner has many years of experience in the food and beverage industry and has the numbers refined to where it is very profitable. Owner is currently absentee and has 3 salaried managers.This is an absolute turnkey operation. *Sales are up 33.63% in July 2011 compared to July 2010 * Labor cost at 24.38% * Food cost are at 27% * Pull Tabs are very popular * Large Outdoor patio.
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