Iconic Duluth Bar & Event Venue + Income-Producing Property

Asking Price$950,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$477,556

Inventory$50,000
Not included in asking price
FF&E$35,000
Included in asking price
Real Estate$1,200,000
Included in asking price
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Iconic Duluth Bar & Event Venue + Income-Producing Property


Asking Price$950,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$477,556

Inventory$50,000
Not included in asking price
FF&E$35,000
Included in asking price
Real Estate$1,200,000
Included in asking price

Seller Financing Available
Business Description
The Gopher Bar and Lounge represents a rare opportunity to acquire not just an established business, but a downtown Duluth legacy with multiple income streams and significant untapped potential. This isn't simply a bar sale—it's a chance to own a 6,000+ square foot commercial property with three distinct revenue centers, prime Main Street location, and a 24+ space parking lot.
THE BUSINESS:
Under current ownership since October 2005, Gopher Bar and Lounge serves as a cornerstone of downtown Duluth's entertainment scene. Operating as an authentic dive bar with character, it serves loyal local clientele while hosting live music, comedy shows, bingo nights, and private events. Two full-service bars, a commercial kitchen, professional stage with sound and lighting, and versatile event spaces provide flexibility few downtown venues can match.
PROVEN INCOME STREAMS:
2024 Financial Performance:

Bar Sales: $175,000
Food Sales: $175,000
Rental Income: $127,500
Total Gross Revenue: $477,500

Current absentee ownership produces $35,000 in SDE, but this understates the opportunity for an engaged owner. With $100,000 in employee wages and owners working only periodically, a hands-on owner could reallocate $50,000-$60,000 to owner compensation. Add back $28,000 in rent, and an owner-operator sees $113,000-$123,000+ annually—plus the option to live rent-free upstairs, adding another $10,000-$15,000 in value.
THE REAL ESTATE:
The sale includes the entire 6,000+ square foot building across three levels. Main floor features a full bar, commercial kitchen, office, walk-in cooler, and restrooms. Lower level provides a second bar, walk-in cooler, restrooms, event space, and private meeting room with separate entrance. Second floor houses income-producing rental units: two efficiency apartments and dorm-style apartments generating $127,500 in 2024.
Most valuable: a dedicated 24+ space parking lot directly across the street—extremely rare for downtown Duluth.
EXPANSION POTENTIAL:
Current operations barely scratch the surface:
Hours: Operating 64 hours weekly, closed during weekday lunches and opening late weekends. Add lunch service, weekend brunch, and extended hours to increase operating time 40-50%.
Food Program: Full commercial kitchen supports menu elevation, catering services, or specialized cuisine.
Events: Professional stage and sound system enable expanded entertainment programming. Private meeting room remains underutilized for corporate events and celebrations.
Rentals: Long-term rentals could convert to short-term for tourists or upgrade for premium rents.
OPERATIONAL FLEXIBILITY:
Multiple paths forward: maintain absentee ownership, become hands-on owner-operator, live on-site, or implement your vision while maintaining loyal customers and established cash flow. Eight part-time employees provide lean operations with flexibility for new owner's structure.
THE LOCATION:
Main Street downtown Duluth location provides high visibility, foot traffic, and neighborhood institution status. Owned parking eliminates downtown's biggest challenge.
INCLUDED:
Real estate ($900,000-$1,200,000), fixtures/furniture/equipment ($34,467), and inventory ($50,000). Debt-free, cash-free transfer.
This is your opportunity to own Duluth history while building equity in valuable downtown real estate, collecting rental income, and operating a business with demonstrated performance and significant upside.
About the Business
Years in Operation
21
Employees
16 (8 Full-time, 8 Part-time)
Facilities & Assets
Main Floor:
Full-service bar
Full commercial kitchen
Office space
Men's and women's bathrooms
Stage with professional sound system and lighting for live entertainment
Lower Level (Basement):
Second full-service bar
2 Walk-in coolers
Men's and women's bathrooms
Event space for comedy shows, bingo nights, and private events
Private meeting room with separate entrance
2nd Floor:
2 efficiency apartments (long-term rentals)
Dorm-style apartment units (long-term rentals)
Exterior:
24+ space parking lot directly across the street (rare for Main Street location)
Opportunities for Growth
Add lunch service, weekend brunch, and extended Sunday hours, untapped potential for corporate events, weddings, private parties, and expanded entertainment calendar
Opportunities for elevated menu, catering services, or specialized cuisine
Private meeting room with separate entrance is perfect for business meetings, rehearsal dinners, small celebrations - currently undermarketed
Owner could live on-site in one of the efficiency apartments, eliminating housing costs while maintaining hands-on presence
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
6,000
About the Sale
Seller Motivation
Retirement
Listing Info
ID
2460971
Listing Views
15
Business Location

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Business Listed by: Jenni Viken

Listing ID: 2460971 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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