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Liquidation price.....Make an offer
| Asking Price: | $350,000 | Inventory: | $10,000 ** |
| Gross Revenue: | $275,000 (comments below) | Real Estate: | $400,000 ++ |
| Cash Flow: | Not Disclosed (comments below) | FF&E: | $120,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: up to $300K | |||
| Cash Flow Comments: Not Disclosed | |||
Family reasons force liquidation price, just reduced $210K. Newly remodeled restaurant/lounge with banquet facilities for up to 350 people. Lower level walkout lounge seats 75. The kitchen is well equipped and laid out including convection ovens, range, 3 fryers and flat top grill, facility has extensively remodeled with new HVAC. New steel siding, new carpet and bar tops. The facility shows beautifully and has unbeatable views of Eden Lake.
About the Business
Year Established:1973
Facilities:2200 Lower level lounge 6,050 sq ft main floor banquet and bar area
Market Outlook and Competition:The present owner has not had time to fully develop the banquet and wedding business with the lower level lounge now completed (2007). There can be both banquets and regular dining at the same time. Docks could be put out on the shoreline for boater with over 280’ of shoreline. Only full service banquet center in the area. This sought after facility is the nicest around and could be booked every weekend.
About the Sale
Management Training and Support:Currently closed
Reason For Selling:Family reasons
Seller Financing:New financing or make offer
Attached Files - Attachment Disclaimer
KEYWORDS: Banquet center, lounge, lakeshore, restaurant, liquor, food, weddings, parties
Sell Your Business | This listing has been viewed 544 times
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Current Search
State: Minnesota
County: Stearns Next Listing: Bar, Restaurant & Banquet Facility
Last Viewed: Packaging Store
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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