Good Cash Flow - Multilevels - College Bar

Twin Cities, MN


Listing ID:
Asking Price: 1,050,000
Revenue: $2,423,956
Cash Flow: $355,000
FF&E: $275,000 *
Inventory: $10,000
* Indicates this value is included in the asking price. 
Agent: Dan McGuire, Sales Executive
Email: dan@hscbrokers.com
Phone: 763-999-1285

Business Overview:

This is THE premier college
bar in the heart of a college campus!
Established in 2004. Multilevels, 3 full
bars,1 full kitchen, 2 walk-in beer coolers, 1
walk-in cooler & freezer. Seating for 300, 38
patio seats, and total capacity of around 600.
Weekly entertainment. Private parties available.
64 staff members (2 FT, 1 kitchen & 1 FOH).
Training available/negotiable.
$2,423,956 Gross Sales in 2018
Rent $22,400/month
9,000 Square Feet total Multilevels
Good cash flow
Mon – Fri 11am to 2am
Sat – Sun 9am to 2am
Opportunity to add Rooftop bar!
Lease goes until 2024 w/ 1 five year
option.
Growing area w/ additional multi use
apartments and retail
Historic building
Lots of foot traffic
Approximate 2,250 VPD


Reason for Selling:

Other/Tired

Facilities:

9000 sq. ft. total, multilevels, 3 Full bars and kitchen

Market Outlook / Competition:

Yes, but this is an established location with great character and lots of traffic. Turnkey operation, but opportunity to grow.

Additional Details:

Landlord is open to a rooftop bar expansion! New operator could expand on cocktail & food menu.