Iconic Restaurant and Bail Shop
Business Description
Iconic Restaurant and Bait Shop - Community Landmark for 74 Years
Established in 1952, this legendary family-owned restaurant and bait shop represents a rare opportunity to acquire a true community institution in Mora, Minnesota. Located directly on Highway 65 at the north end of town, this business sits at the gateway to Minnesota's northern lakes region, serving as an essential stop for fishermen and hunters for over seven decades.
Business Overview:
- Annual Revenue: $299,000
- Asking Price: $975,000
- FF&E Value: $80,000
- Inventory Value: $55,000
- Established: 1952 (72 years of continuous operation)
Key Highlights:
- Prime highway location with excellent visibility and accessibility
- Famous breakfast destination with legendary food and service reputation
- Dual revenue streams: restaurant operations and bait shop retail
- Established customer base spanning multiple generations
- Strategic position on major route to northern Minnesota recreation areas
The restaurant has built an outstanding reputation serving quality breakfasts and meals to locals, travelers, and outdoor enthusiasts. The complementary bait shop provides everything customers need for their fishing and hunting adventures, creating a unique one-stop destination.
Growth Opportunities:
Historically operating 24 hours, the business currently runs on limited hours, presenting significant expansion potential. New owners could extend operating hours, expand the menu offerings, and capitalize on the established brand recognition and prime location.
Financing:
Conventional and SBA financing options available for qualified buyers.
Owner Support:
Current owners and experienced staff are committed to providing comprehensive training and transition support to ensure continued success.
This turnkey operation offers an exceptional opportunity to own a profitable, established business with deep community roots and substantial growth potential in Minnesota's thriving outdoor recreation market.
Established in 1952, this legendary family-owned restaurant and bait shop represents a rare opportunity to acquire a true community institution in Mora, Minnesota. Located directly on Highway 65 at the north end of town, this business sits at the gateway to Minnesota's northern lakes region, serving as an essential stop for fishermen and hunters for over seven decades.
Business Overview:
- Annual Revenue: $299,000
- Asking Price: $975,000
- FF&E Value: $80,000
- Inventory Value: $55,000
- Established: 1952 (72 years of continuous operation)
Key Highlights:
- Prime highway location with excellent visibility and accessibility
- Famous breakfast destination with legendary food and service reputation
- Dual revenue streams: restaurant operations and bait shop retail
- Established customer base spanning multiple generations
- Strategic position on major route to northern Minnesota recreation areas
The restaurant has built an outstanding reputation serving quality breakfasts and meals to locals, travelers, and outdoor enthusiasts. The complementary bait shop provides everything customers need for their fishing and hunting adventures, creating a unique one-stop destination.
Growth Opportunities:
Historically operating 24 hours, the business currently runs on limited hours, presenting significant expansion potential. New owners could extend operating hours, expand the menu offerings, and capitalize on the established brand recognition and prime location.
Financing:
Conventional and SBA financing options available for qualified buyers.
Owner Support:
Current owners and experienced staff are committed to providing comprehensive training and transition support to ensure continued success.
This turnkey operation offers an exceptional opportunity to own a profitable, established business with deep community roots and substantial growth potential in Minnesota's thriving outdoor recreation market.
About the Business
- Years in Operation
- 74
- Employees
- 10 (5 Full-time, 5 Part-time)
- Facilities & Assets
- The Cafe and Bait Shop share a common wall and parking lot. The cafe is a fully furnished and equipped restaurant with both booth and counter seating, lots of natural light and a warm and friendly atmosphere. The Bait Shop has served MN fishermen headed to the northern lakes for decades, offering a wide variety of live and artificial bait and fishing gear.
- Market Outlook / Competition
- The Cafe and Bait Shop are located directly on Highway 65 at the North end of Mora. Highway 65 is considered a gateway to the northern lakes of Minnesota. Fishermen and hunters have made Sportsmen's a breakfast and bait stop for more than 70 years. The food and service are legendary, and the Bait Shop offers anything customers might require.
- Opportunities for Growth
- Historically, the Cafe was open 24 hours. While hours are now more limited, the opportunity to expand the hours of operation and the menu are limitless.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 6,000
About the Sale
- Seller Motivation
- A family-owned business since the start in 1952, it is time for new horizons.
- Transition Support
- The owners and staff are open to any training requests.
- Financing Options
- Conventional, SBA
Listing Info
- ID
- 2545027
- Listing Views
- 11
Business Location
Listing ID: 2545027 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.
Businesses for SaleMinnesota Businesses for SaleMinnesota Food & Beverage Businesses for SaleMinnesota Restaurants Businesses for Sale
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