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Popular Italian ~ American Restaurant ~ Seller Financing
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| Status: |
Available |
| Listing ID#: |
654827 |
| Listing Type: |
For Sale - Business Only |
| Property Type: |
Restaurants |
| Location: |
7 County Metro 55025 Minnesota |
| Asking Price: |
USD 199,000 |
| Down Payment: |
199000 |
| Gross Income: |
438750 |
| Cash Flow: |
80000 |
| Furniture, Fixtures & Equipment: |
100000 |
| Inventory: |
5000 |
| Real Estate: |
Option to purchase |
| Lease: |
$3,675/mo |
| Seller Financing Available: |
Yes |
| Financing: |
Terms acceptable to seller |
| Reason Selling: |
Health Issues |
| Year Established: |
1996 |
| Facilities: |
3,455 sq ft retail & storage |
| Competition: |
Very strong location with only restaurant space of its kind at center of fast developing community. |
| Market Outlook: |
Considered by most to be “best restaurant in the area,” yet fully adaptable to new concept. |
| Growth & Expansion: |
Restaurant is situated on $3,000,000 newly constructed (2004) lakeside development with parks and boating dock which also provides parking lot for restaurant – fully maintained year-round by city New owner(s) opportunities include: expand hours, serve breakfast and brunch, 7-days / week, delivery, |
| Support/Training: |
30 days - negotiable |
| Employees: |
12 |
| License requirements: |
Washington County Health Department. City of Forest Lake/State of MN Liquor Beer and Wine |
| Submission Date: |
01-05-2012 |
| Last Update: |
04-26-2012 |
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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 |
Vibrant concept with original, yet accessible menu, excellent location and reputation. Smart, efficient, Chef-designed kitchen capable of high volume and highest standards. Crisp, clean, upscale floor plan / decor easily converted into any concept. Superior build-out, very well maintained. Park / Lakeside location in new commercial / residential condominium complex with outstanding Lake views at every table. Seats 80+ with 20 more on seasonal balcony / patio. Chef-driven operation with only 5 days / week, sales up 8% in 2009, stable in 2010 despite main bridge reconstruction/roadwork all summer into autumn. Full-liquor license. Brand-new $10K, Make-up air unit, 2010.
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