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Award Winning Red Wing Restaurant

Red Wing, MN

Seller Financing Available

Asking Price:$1,300,000
Real Estate:$750,000
Gross Revenue:$1,500,000
Established Year:1940
Listing ID: 2273231Listing provided by BizBuySell
BUSINESS DESCRIPTION

Currently offered for sale by owner

First time listing of Bayside Saloon and Grill, a very successful restaurant and bar now being offered for sale by owner. This is an excellent opportunity to purchase a very busy and consistently growing Minnesota business located in the tourist friendly metro fringe Mississippi river town of Red Wing. This multiple award-winning restaurant offers indoor and outdoor seating, a full-service bar, dining room, catering and a private banquet room. A well-established restaurant with beautiful river views located within easy walking distance to multiple hotels and marinas. A unique location that is second to none next to the new Skyway River walkway pedestrian bridge. This is truly an opportunity for a seasoned restaurateur or group seeking to add a proven restaurant facility to their portfolio. The owner is looking to retire after over 35 plus years in the hospitality business and is seeking the right person or investor group to take this location to a new level. All inquiries must establish credibility prior to any detailed discussion and financials, a bank letter and NDA will be required. Financing assistance or investment options could be available for qualified buyers, all inquiries are confidential. This is a legitimate post and a real opportunity, but I will not be fooled, and neither should you, so due diligence will be done prior to any further discussions. Please no brokers or realtors, I am not interested in listing with a service.

DETAILED INFORMATION
Location
Red Wing, MN
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
2,500
Employees
46
Facilities
This business is currently open and operating at full capacity. All equipment is included and owned. All equipment is well maintained and in good operating condition. New POS system installed within the last year. New off site dining hall 4 doors down, added last year to accomidate smaller private parties, meeting, etc. Indoor and outdoor seating including award winning roof top deck.
Competition
Location of property in in the Red Wing West End district, an area ear marked by the City of Red Wing for future advanced development. Restauarnt is located immediatly next to the new Skyway river walkway pedestrian bridge, connecting to Mississippi marinas, Baypoint Park, Cannon River Bike trail and more. Competion includes Kelly's Tap house and Red Wing Brewery, we are all often maxed out with waiting list during prime times.
Growth & Expansion
The West End district is an area where there is development funding available through Red Wing Port Authority. There are multiple possibilities for expansion and development, opportunities are endless, seriously this location is second to none. Some expansion blue print plans have been completed. Current area upgrades include complete new, street, sidewalk and utiities all recently updates. New 6" inch water line alrerady installed and brought into building.
Financing
partial C4D
Support & Training
Owner willing to provide whatever support and training needed to make this a succesful transaction and venture.
Reason for Selling
Retiring
BUSINESS LOCATION
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Glen Witham
Phone Number
Glen Witham
Call Phone