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Upscale Restaurant ~ Bar ~ Nightclub
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| Status: |
Sold |
| Listing ID#: |
646435 |
| Listing Type: |
For Sale - Business Only |
| Property Type: |
Bars & Taverns |
| Location: |
7 County Metro 55437 Minnesota |
| Asking Price: |
USD 350,000 |
| Down Payment: |
Cas/Terms acceptable to Seller |
| Gross Income: |
2,591,000 |
| Cash Flow: |
385,000 |
| Furniture, Fixtures & Equipment: |
200,000 |
| Inventory: |
20,000 |
| Lease: |
$17,400/mo gross plus assumption of FF&E lease (to own payments of $4,651.85/mo through 8/31/2013 |
| Seller Financing Available: |
Yes |
| Financing: |
Cash/Terms acceptable to seller |
| Reason Selling: |
Other interests |
| Year Established: |
2008 |
| Facilities: |
7,550 sq ft |
| Market Outlook: |
If you’re in the market for a very successful and profitable Bar/Restaurant look no further! This is it!! |
| Growth & Expansion: |
Business combines all the ingredients for success including great cash flow. The location is perfect for the businessman’s lunch and entertaining clients at their famous “Happy Hour”. Outdoor patio is beautiful and very popular! At night the place is packed! |
| Support/Training: |
Management is in place and will train new owner. Exact training to be negotiated with sellers. |
| Employees: |
10FT/35PT |
| License requirements: |
On sale Liquor license Food Handlers certificate Caterers license |
| Submission Date: |
11-15-2011 |
| Last Update: |
04-19-2012 |
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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 Fantastic opportunity to own a very successful Bar/Restaurant and nightclub that has a great location in the south metro. In 2010 it cash flowed over $385,000. What more can we say! Huge lunch revenues, great Sunday brunch and an incredible night club scene all add up to a very successful and popular business! This business is now being offered at a great price as the owners have other interests * Awesome dining experience * Casual dining in an upscale atmosphere * Many Catering accounts * Best Happy Hour on the strip * Huge outdoor patio * Spacious and Well Designed Kitchen (over $200K in FF&E) * DJs spinning Top 40 and dancing Thursday-Sat nights * Absolute turnkey business.
To view confidential listing click here: hscbrokers.com/client1/bars-taverns/646435.html |
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