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

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HSC Great Location Near Excel center
Asking Price:
$695,000

Gross Revenue:
$2,131,813
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
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!
Good cash flow 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.
Seller Financing:
possible seller financing

Listing Info

ID:
1497622
Ad Detail Views:
1251

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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
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Ethnicity

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

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U.S. Community Survey Data for Dakota, Hennepin, Ramsey and Washington Counties, MN
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Source: American Community Survey (2010-2014), United States Census Bureau.

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