Very Successful and Profitable Restaurant/Bar in Minneapolis

Minneapolis, MN

Seller Financing Available

Breakfast, Lunch and Dinner with liquor
Asking Price:$2,250,000
Gross Revenue:$4,500,000
Real Estate:$3,500,000
Cash Flow:$600,000
FF&E:$1,000,000
Established Year:1985
BUSINESS DESCRIPTION

Iconic and prestigious Restaurant/Bar business of almost 40 years with over $4.5M+ in revenues and $600K in Owners Adjusted Net Income. Highly successful and profitable restaurant/bar open for breakfast, lunch and dinner. Take out and patio seating as well. Restaurant has significant appeal and market share in the community with high quality food and menu offerings. The name recognition and customer following of this restaurant is second to none and thus HIGHLY CONFIDENTIAL LISTING.

I look forward to sharing this restaurant/bar and real estate opportunity with a qualified and experienced Buyer who is capable of managing/running a $4M restaurant over 3 day parts.

Real estate is also available for $3,500,000 as the restaurant is currently paying $322K in rent to a separate LLC. Adjacent real estate for investment available as well for expansion or synergistic tenant.


DETAILED INFORMATION
Location
Minneapolis, MN
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
16,000
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
16,000 sq ft including full kitchen, front display counter, dining room, separate bar and event/banquet space. Outdoor patio seating with courtyard and food truck concession area. On site parking as part of real estate owned.
Competition
Excellent market position
Growth & Expansion
Great opportunity to expand event/banquet and catering business as well as bar/nights as the focus has been on breakfast/lunch but very successful and profitable parts of the day business.
Financing
Seller to consider financing of the real estate under a contract for deed at 7.5%
Support & Training
Up to 1 year of training by Owner/Seller as needed under separate contract
Reason for Selling
Retirement
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Michael
N. Palm, Sr
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Michael N. Palm, Sr