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Very Profitable Bar and Grill with new expandable concept
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| Status: |
Available |
| Listing ID#: |
662956 |
| Listing Type: |
Asset Sale |
| Property Type: |
Bars & Taverns |
| Location: |
7 County Metro Minnesota |
| Asking Price: |
USD 325,000 |
| Down Payment: |
150,000 |
| Gross Income: |
1,200,000 |
| Cash Flow: |
150,000 |
| Furniture, Fixtures & Equipment: |
150,000 included in lease |
| Inventory: |
20,000 |
| Lease: |
2000/mo |
| Seller Financing Available: |
Yes |
| Financing: |
Seller financing with $150K down |
| Reason Selling: |
Divest of Partnership |
| Year Established: |
1992 |
| Facilities: |
7,000 sq ft |
| Competition: |
South Metro suburb is experiencing several redevelopment projects in the immediate area. Several other concepts are nearby, but they compliment each other rather than compete. |
| Market Outlook: |
Very good. Great location. This business should continue its growth. |
| Growth & Expansion: |
A real opportunity for someone to increase food sales and develop lunch group. Opportunity to construct a rooftop patio along with purchase of the real estate. |
| Support/Training: |
30 days for new owners |
| Employees: |
3FT/20 PT |
| License requirements: |
Food license $8000 liquor $10,000 inc 2AM license Food Handlers Cert Charitable gaming |
| Submission Date: |
02-21-2012 |
| Last Update: |
-- |
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| Agent Details: |
Jerry Vlaminck |
| Company Name: |
HSC Brokers |
| Phone Number: |
763-972-9077 |
| Fax: |
763-972-9080 |
| Mobile Phone: |
612-363-7456 |
Here is a chance to acquire a complete concept that is very profitable and expandable to other locations. Also, option to buy real estate for $900K. Large bar area with games and pull tabs for additional income. Serving appetizers, burgers and sandwiches, food sales are approximately 20% of sales. Nice stage area for entertainment on weekends. |
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