HSC-Restaurant & Bar Premier Location w/ lots of foot traffic & patio

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High Sales in a popular Minneapolis location
Asking Price:
$450,000

Gross Revenue:
$2,148,730
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$35,000
not included in asking price

FF&E:
$175,000
included in asking price

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Business Description

Popular restaurant, bar & coffee shop w/ very high sales offering various foods, cocktails & coffee drinks w/ bakery + daily happy hours. Popular location in Minneapolis = lots of foot traffic. Hours daily 8am to 2am. Popular menu items: pizzas, tacos, steaks, and specialty drinks. The restaurant has been established at this location for 9 years. Full liquor license. Owners have other interests at this time.
- Seats 75 + 70 PATIO
- Traffic Counts 17,200 VPD
- Brand new HVAC
- Rent $10,164.28/month (includes rent &
taxes) + utilities (two, 5 year options
available)
- Revenues over $2M
- Restaurant Size 3,900 sq. ft. + PATIO
- Public parking lot & street parking
- FF&E approximately $175,000
- Inventory approximately $35,000

About the Business

Location:
Minneapolis, Minnesota
Year Established:
2010
Number of Employees:
13FT/30PT
Real Estate:
Leased
Building Sq. Ft.:
3,900
Rent:
$10,164.28 Per Month
Facilities:
Building built in 1920 and last remodeled in 2010, brand new HVAC, 3900 sq. ft. + PATIO, seating 75 inside & 70 PATIO, Full kitchen, bar, coffee shop and great character & charm
Market Outlook/
Competition:
Yes, but this location has been established 9+ years with revenues consistently over $2m per year, premier location, brunch on the weekends, a great patio, NEW HVAC, public parking lot and street parking
Growth & Expansion:
Current ownership is restricted from making changes, because of partnership dispute and a new owner has the opportunity to expand on the already $2m + business. Lots of catering opportunity.
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About the Sale

Reason For Selling:
Owners have other interest at this time
Training/Support:
Negotiable

Listing Info

ID:
1657196
Ad Detail Views:
0

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Business Listed by

Dan McGuire

Hospitality Services Corp.

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Sponsoring Broker:

Jerry Vlaminck
Hospitality Services Corp.


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