Description of the business for sale
Business has a downtown location and was completely rebuilt in 2005. Everything is new! Beautiful decor. Bar has become a hot spot for young adults. Great food! Live music and karaoke has recently been added and has increased revenue significantly. Once you ve been to the here you'll agree that it is the nicest place within miles.
GROWTH: Business revenue can reach $1M in sales with the right operator.
COMPETITION: All that is needed is you! Everything is brand new and ready for a motivated business person to enjoy for years. Like other west metro communities, this community is fast becoming the new destination for housing development and new business. Located on Hwy 12 west of the Wayzata and the Lake Minnetonka area, community is just minutes from the I-494 strip. *Owner has recently acquired the off sale license which will make a significant increase in revenue. Off sale license is one of only two allowed in the city.
ADDITIONAL FINANCIAL INFORMATION:
• Financing: New Financing.
• Inventory: $12,000.
• FF&E: $365,000.
• Real Estate: $650,000.
REASONS FOR SELLING: other interests.
EMPLOYEES: Full-time / Part-time: 1 full-time / 8 part-time.
Support / Training provided by seller
20 days for new owners
Description of the facilities
6,000 sq ft on .68 acres (297X100)