Description of the business for sale
Located in scenic SW Minnesota this Restaurant receives a very large volume of year round traffic. In part because it is only miles from one of the largest Casinos in Minnesota and also because the beautiful Minnesota River, which flows right through the city, draws many tourists. In 2006 the owner spent $300K to remodel, modernize and upgrade the building. This is the only family restaurant in town.
GROWTH: This franchise is one of the favorite eating establishments in the upper Midwest and continues to outperform other restaurants of its type. They re known for serving their food and their service with consistent quality. That plus being the only family restaurant in town there is very little, if any, competition.
COMPETITION: Very solid! Community continues to be a tourist and vacation hotspot! The only family restaurant in town, there is very little, if any, competition.
ADDITIONAL FINANCIAL INFORMATION:
• Financing: $200K down with possible assumption of $350K SBA.
• Inventory: $8,000.
• FF&E: $300,000.
• Real Estate: $300,000.
REASONS FOR SELLING: Down sizing.
EMPLOYEES: Full-time / Part-time: 6 full-time / 19 part-time.
|
Support / Training provided by seller
30 days for new owners
|
|
Description of the facilities
3,500 sq ft, l+ acre, large paved lot
|