Description of the business for sale
A very popular spot located on Hwy 13 in Savage, MN. They have a spacious banquet center and have recently added a $20K light system that has increased banquet rentals through the roof! There business is rock steady. They have added a new stage with sound and lights for the groups that perform in the Sports Bar.
GROWTH: Originally built in 1988 as a VFW. VFW s are built to last! The modern kitchen has everything you need to serve hundreds of meals at one time. Walk-in coolers and freezers plus a $60K bar buddy liquor system add to the value of this property. The event center can seat up to 600 people. Great investment opportunity!
COMPETITION: Community is a large suburb and Hwy 13 is a main route for traffic in the area. This business continues to be a favorite watering hole in town with great food. The new improvements and upgrades in the event center will result in a significant increase in revenue. Bands pack them in on the weekends! Business is capable of generating $2M plus in revenue per year.
ADDITIONAL FINANCIAL INFORMATION:
• Financing: Owner will look at possible terms with good down pymt.
• Inventory: $50,000.
• FF&E: $400,000.
REASONS FOR SELLING: Down sizing.
EMPLOYEES: Full-time / Part-time: 4 full-time / 16 part-time.
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Support / Training provided by seller
30 days for new owners
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Description of the facilities
12,000+ sq ft building, Lease: $13,500/mo triple net
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