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| Status: |
Available |
| Listing ID#: |
661743 |
| Listing Type: |
For Sale - Business Only |
| Property Type: |
Restaurants |
| Location: |
7 County Metro 55445 Minnesota |
| Asking Price: |
USD 99,000 |
| Down Payment: |
$25K down |
| Gross Income: |
500,000 |
| Furniture, Fixtures & Equipment: |
125K in lease |
| Inventory: |
10,000 |
| Lease: |
$5,670/mo |
| Seller Financing Available: |
Yes |
| Financing: |
$25K down |
| Reason Selling: |
Divest of partnership/restaurant operations |
| Year Established: |
2010 |
| Facilities: |
4,000 sq ft |
| Competition: |
Only 4 other eating establishments within this complex. |
| Market Outlook: |
Very good. |
| Growth & Expansion: |
Target Corp. has released plans to increase office employees in the new office park by up to 4,000 new employees between 2012-2014. This will greatly increase opportunities for lunch, dinner, happy hour, and off premise catering. |
| Support/Training: |
30 days for new owners |
| Employees: |
15Pt |
| License requirements: |
Food license $660 Liquor $7,500 Insurance $7,000 annually |
| Submission Date: |
02-21-2012 |
| Last Update: |
05-16-2012 |
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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 |
This business is in a newer development anchored by Cub Foods, a fitness center and several other retail establishments. Located 1 block from a major office park that is adding 4000 new office employees between 2012-2014 This will increase lunch, happy hour, dinner and catering oppurtunities greatly. Currently serving authentic Mexican fare with some American burgers and sandwiches. Could easily be converted to any concept. |
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