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HIGHLY PROFITABLE LAKES AREA, MN RESTAURANT – $342K+ Cash Flow - $79,300 Down Payment. 53534
Restaurants & Food Businesses for Sale
- Primary Industry: American Restaurants
Iconic restaurant is a long-standing staple in the community. Pristine, turn-key, highly profitable restaurant located in an area that attracts tens of thousands of locals and tourists year-round. Business is open 7 days a week for breakfast, lunch, and dinner, located in a high traffic area with great highway access. They have recently added a full liquor license and specialty service which is increasing revenue. Reliable staff in place who assume managerial responsibilities and have been with the business for 20+ years. A buyer with relevant experience may qualify for SBA financing and low-down payment of $79,300.
Sunbelt Listing ID: 53534
Financial Information
- $695,000 Asking Price
- $342,882 Cash Flow
- $1,310,704 Gross Revenue
- $79,300 Down Payment
Business Location
- City: Confidential
- State: Minnesota
Reason for Sale
- Retirement
Detailed information
- Year Established: 1965
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: Yes
- Full-Time Employees: 5
- Part-Time Employees: 18
- Contractors: N/A
- Owner Worked Hours/w: N/A
- Inventory Included: No
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: $0
- Building Size: 2800
- FF&E Included?: No
Business Listed by
Sunbelt Business Advisors
Sunbelt of MinneapolisContact Business Broker
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