Affordable and Profitable in Northwestern Minnesota with Living Quarters
Cash Flow: $45,000
FF&E: $25,000 *
Real Estate: $125,000 *
* Indicates this value is included in the asking price.
Agent: Rick Guntzel
Here is an affordable opportunity to own your own bar/restaurant with a lot of potential outside the hustle of the big city.
Located between Grand Forks and Fargo lays Pub 21 in the heart of Minnesota’s Red River Valley. Currently with ADA’s only “on-sale” liquor license and a full kitchen, Pub 21 is the place for traditional American Fare for miles around.
Reason for Selling:
Great facility build in the turn of the 19th century. Hardwood floors and tin ceilings with a newly remodeled kitchen. Perfect sized place for the ever changing labor landscape. Bar seats around 70. Plenty of parking out front.
Market Outlook / Competition:
Only "On-sale" liquor license and full kitchen in town. Nice outdoor patio with lawn area too! Ada's cost of living is about 23% lower than the national average. Located between Grand Forks and Fargo in the Minnesota Red River Valley.
Pub 21 is currently serving traditional American Fare. New operator could introduce nightly dinners specials, beer/wine dinners, brunch, holiday events to increase revenue.