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Forest Lake, MN


Listing ID: 1563343
Asking Price: 75,000
Revenue: UNDISCLOSED
Cash Flow: UNDISCLOSED
Seller Financing: Open to offers
FF&E: $65,000 *
* Indicates this value is included in the asking price. 
Agent: Dan McGuire, Sales Executive
Email: dan@hscbrokers.com
Phone: 763-999-1285

Business Overview:

Turnkey Restaurant in Forest Lake w/ full kitchen and bar. Great Catering Kitchen. Was established 2 years had daily pizza buffet and Take & Bake pizzas. Local favorites were deep dish Sicilian and lobster pie. Operationally ready for your concept.  Currently closed. Local ownership group is looking to downsize restaurant portfolio. Major employers nearby: Schools, Wal-Mart and Birchwood Health Care Center. Great kitchen for catering. Events at the park. Utilize a Third party delivery service.
– Seating 80 dining, 8 bar, 12 patio
– Rent $4,700/month all-in (includes rent, cam, taxes and storage)
– lease goes until 2027
– Forest Lake Population 19,879
– Lakeside views, Park and beach
– Huge shared parking lot (city maintained)
• Size 3,055 sq. ft. + 400 sq. ft. storage
• FF&E approximately $65,000


Reason for Selling:

Ownership looking to downsize restaurant portfolio

Facilities:

3055 sq. ft. main floor / 400 sq. ft. storage

Market Outlook / Competition:

Yes, but this restaurant has lake views, a great kitchen for catering, and city maintained parking.

Additional Details:

Seller is open to offers. Great catering kitchen. Utilize delivery service and expand on drink menu to increase revenue.