Description of the business for sale
Beautiful steakhouse with catering facilities located between large cities in MN. 2 separate dining areas for private parties and banquets. Nice lounge bar area with full liquor and off sale. Also, includes a 2 BR apt over one of the dining rooms. Has full kitchen and separate catering kitchen with all equipment. Separate game room with pool and darts.
GROWTH: Catering sales have lots of upside potential. Additionally pull tabs could be added to drive bar sales. Presently 70% food and 30% liquor sales.
COMPETITION: Only one other bar in town with minimum food sales.
ADDITIONAL FINANCIAL INFORMATION:
• Financing: $100,000 down with owner financing.
• Inventory: $15,000.
• FF&E: $75,000.
• Real Estate: $75,000.
REASONS FOR SELLING: Retirement.
EMPLOYEES: Full-time / Part-time: 10 part-time.
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Support / Training provided by seller
30 days for new owners
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Description of the facilities
5,200 sq ft on City lot 70 x 100
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