HSC $2.2mm Sales! Great Long-Term Lease/High Profits

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HSC $2.2mm Sales! Near Excel Center/$375K cash flow! Great Facility/Lease
Asking Price:
$840,000

Gross Revenue:
$2,131,813
Cash Flow:
$375,000
EBITDA:
$375,000
Inventory:
$20,000
not included in asking price

FF&E:
$350,000
included in asking price

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Business Description

Successful, long-established Saint Paul Restaurant/Bar with a Sterling Reputation.
First time this property has been offered.
Multiple income drivers: Breakfast, Lunch, and Dinner w/Special Events Bonus and Banquets too!
Cash flow of $375,000 per year with multiple areas for growth.
Spotless facility with recent remodel.
True Turn-Key Operation with key employees in place.

***Owner of 30 years wishes to semi-retire. He is committed to helping the buyer
make a smooth transition into ownership. He is available to train and is willing to
stay on in a part-time capacity indefinitely/as long as needed***

About the Business

Year Established:
1988
Number of Employees:
35
Real Estate:
Leased
Building Sq. Ft.:
9,743
Lease Amount/Mo.:
$7,136.75
Lease Expiration:
8/31/2026
Facilities:
Spotless facility of 9743 sq ft.
Seating capacity of 250 with an additional 65 seats on the outdoor patio.
Full-service, high-capacity kitchen with the potential to add off-premise catering for additional revenues.
Large parking lot with access from 2 streets. Excellent access!
Market Outlook/
Competition:
Great market with proximity to National Sporting Events/Concerts/Trade Shows/Conventions.
High-growth area! Several new housing developments in the immediate area create new energy while maintaining the existing steady and profitable business.
Growth & Expansion:
In-house and off-premise catering /delivery. Additional events could be added.
The addition of a catering division would make an immediate positive impact on sales, thereby increasing profits.
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About the Sale

Reason For Selling:
Owner is semi-retiring.
Training/Support:
The owner is willing to train a new buyer and will work indefinitely on a part-time basis to assist the new owner to grow the business.

Listing Info

ID:
1497622
Ad Detail Views:
434

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Business Listed by

Jerry Vlaminck

Hospitality Services Corp.

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U.S. Census Data for Dakota, Hennepin, Ramsey and Washington Counties, MN
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Dakota, Hennepin, Ramsey and Washington Counties, MN
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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