$1.36M Sales | Turnkey Restaurant & Bar with Real Estate
Business Description
Annual sales exceeding $1.36 million combined with a fully built-out restaurant, bar, and the underlying real estate make this one of the most compelling hospitality opportunities currently available in the Twin Cities north metro.
The offering includes approximately 2,760 square feet of restaurant and bar space in a highly visible downtown location. The property features a full commercial kitchen, walk-in cooler, bar infrastructure, private dining space, attractive rustic-modern finishes, and an extensive FF&E package that allows a new operator to hit the ground running.
Unlike many restaurant listings, the real estate is included in the asking price, creating long-term control and equity for the next owner. The property has demonstrated strong revenue performance while offering significant flexibility for a variety of concepts including restaurant, sports bar, cocktail lounge, brewery, entertainment venue, catering operation, or franchise conversion.
Ownership is open to discussing multiple transaction structures, including purchase, seller financing, contract for deed, lease-to-own, or a traditional lease arrangement for qualified operators.
Highlights:
• Real Estate Included
• Over $1.36 Million in Annual Sales
• Approx. 2,760 SF
• Turnkey Restaurant & Bar
• Full Commercial Kitchen
• Walk-In Cooler
• Extensive FF&E Included
• Downtown Main Street Location
• Seller Financing / Creative Structures Considered
• Immediate Growth Opportunities Available
Confidential opportunity. Additional information available upon execution of a confidentiality agreement.
The offering includes approximately 2,760 square feet of restaurant and bar space in a highly visible downtown location. The property features a full commercial kitchen, walk-in cooler, bar infrastructure, private dining space, attractive rustic-modern finishes, and an extensive FF&E package that allows a new operator to hit the ground running.
Unlike many restaurant listings, the real estate is included in the asking price, creating long-term control and equity for the next owner. The property has demonstrated strong revenue performance while offering significant flexibility for a variety of concepts including restaurant, sports bar, cocktail lounge, brewery, entertainment venue, catering operation, or franchise conversion.
Ownership is open to discussing multiple transaction structures, including purchase, seller financing, contract for deed, lease-to-own, or a traditional lease arrangement for qualified operators.
Highlights:
• Real Estate Included
• Over $1.36 Million in Annual Sales
• Approx. 2,760 SF
• Turnkey Restaurant & Bar
• Full Commercial Kitchen
• Walk-In Cooler
• Extensive FF&E Included
• Downtown Main Street Location
• Seller Financing / Creative Structures Considered
• Immediate Growth Opportunities Available
Confidential opportunity. Additional information available upon execution of a confidentiality agreement.
About the Business
- Years in Operation
- 5
- Employees
- 14 (4 Full-time, 10 Part-time)
Experienced staff may be available for transition. Details available upon reques - Facilities & Assets
- Approximately 2,760 SF turnkey restaurant and cocktail bar facility located in Downtown Elk River. Sale includes real estate, furniture, fixtures and equipment, including booths, tables, chairs, bar equipment, walk-in cooler, commercial kitchen equipment, fryers, ranges, prep tables, refrigeration, freezers, kegerators, glassware, plateware, and smallwares. Attractive rustic-modern buildout with dining room, private dining area, full-service bar, and established hospitality infrastructure. Real estate included in asking price.
- Website
- https://www.tipsyonmain.com/
- Market Outlook / Competition
- Downtown Elk River continues to experience residential and commercial growth while benefiting from strong community support for local businesses. The property is positioned on Main Street with excellent visibility and serves a growing trade area drawing customers from Elk River, Otsego, Zimmerman, Rogers, and surrounding communities. Opportunity exists for an experienced operator to continue the current concept or introduce a new restaurant, bar, brewery, entertainment, or hospitality-driven concept.
- Opportunities for Growth
- Significant opportunity exists for a new operator to build upon the established customer base and strong sales history. Potential growth avenues include expanded catering, private events, live entertainment, enhanced bar programming, increased community engagement, additional marketing efforts, and expanded operating hours. The flexible layout and existing infrastructure also allow for a variety of restaurant, brewery, cocktail lounge, entertainment, or hospitality concepts.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 2,760
About the Sale
- Seller Motivation
- Ownership pursuing other business interests.
- Transition Support
- Ownership will cooperate in a reasonable transition period following closing. Training and transition assistance available to ensure a smooth transfer of operations. Additional details to be negotiated as part of the purchase agreement.
- Financing Options
- Real estate included in asking price. Ownership may consider seller financing
Listing Info
- ID
- 2514502
- Listing Views
Business Location
Listing ID: 2514502 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. See our full Terms of Use. Learn how to avoid scams.
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