Ely Steakhouse
Minnesota
| Asking Price: | $225,000 |
| Gross Revenue: | $932,591 |
| Real Estate: | $390,000 |
| Cash Flow: | $122,618 |
| FF&E: | $81,500 |
| Established Year: | 1997 |
Listing ID: 2267696Listing provided by BizBuySell
BUSINESS DESCRIPTION
The iconic Ely Steakhouse is up for sale for the first time since opening. Established in 1997, this independently owned and operated full-service restaurant is located in downtown Ely, MN. Real Estate is for sale as part of the offering. The restaurant closed for business in October 2023 and is ready for a new owner to step in and carry on the tradition.
- Estimated 250k visitors per year to Ely
- Prime downtown location
- 27 year legacy
- 4 unit apartment complex on 2nd story
Seller financing available for a qualified buyer.
Sunbelt Listing ID: 54787
DETAILED INFORMATION
Location
Minnesota
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
4,014
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Financing
$100,000 Down Payment.
Reason for Selling
Retirement
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