Upscale Bar for Sale in this Historic Downtown Location!

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Asking Price:
$195,000

Gross Revenue:
$502,583
Cash Flow:
$57,888
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Buy this Upscale Bar for Sale in this Historic South East Minnesota location! Annual sales of over $500,000, and you can purchase today for $195,000!! They are presently only open 5 days a week, so the potential is unlimited!
This Upscale Bar for Sale is the perfect opportunity for someone looking to get into their own business. This complete turnkey operation is beautifully maintained, tastefully decorated, and fully equipped with everything you need to continue this successful operation for years to come.
We Sell Restaurants is proud to list this upscale bar for sale that includes a tastefully decorated front of the house. An oak top bar extends the length of the building and it is the perfect place to try one of the alcoholic beverages on the extensive wine list, or enjoy the newest local craft beer. Seating for up to 178 people inside and up to 30 people on the outside patio. The inside includes a nice service area for drinks, a dining room, and a private dining area.
You get an attractive 3 year lease of $4,700 per month, plus CAM fees, when you purchase this upscale bar for sale. The landlord will also provide two options to extend the lease.
The menu at this upscale bar for sale consists of appetizers, flat breads, soups, salads, and pasta. Currently operating with only a Beer and Wine License, but adding a FULL liquor license would be the next step in improving revenue in this already successful bar for sale. Expanding the hours to include lunch, Sunday brunch, and stay open after 9 PM on the weekends are other ways to increase the revenue. Long term seasoned staff in place!
Live music in this upscale bar for sale draws a good crowd. The local community draws in thousands of people annually for street festivals. This Upscale Bar for Sale is located in the middle of it all. This is the perfect place for your next opportunity.

About the Business

Year Established:
2015
Number of Employees:
14
Real Estate:
Leased
Building Sq. Ft.:
5,000
Rent:
$23,500,000.00 Per Month
Lease Expiration:
12/31/2021
Facilities:
Bar Host Desk High Top Black Walnut Butcher Block Tables Bases 7 Eagle Company Bar Stools 27 Wait Station Buffet Storage Back Bar Coolers Norlake Nlbb79G Back Bar Wine Cooler Perlick 1 Nitro Tank CO2 Tank Beer Cooler 4 Taps Norlake NLDD59 2 145 00 Tap Towers X2 Wine Cooler 4 Taps Perlick 3 672 00 Tap Towers X2 Assorted Beer Glasses Vendors Glass Flutes White Wine Glassware Red Wine Glassware Wine Flight Glassware Water Glassware Silver Tone Wine Bucket 4 Patio Vino Plastic Glassware Patio Plastic Carafe Glassware Patio Stemless Flutes Glassware NSF Ice Bin 388 00 Lid Rolling Dish Rack Blue Dishware Racks 4 NSF Dish Washer CMA UC65E 4 Compartment Sink Swing Faucet 2 Hand Sink Black Rubber Cushion Mats 3 Trash Cans BAR Cont d Host Station Small Reserved Table Sign Holder Large Reserved Table Sign Holder POS System 1 3 screens credit scanners 5 printers 1 Wood Plant Pedestal Metal Purse Hooks Dining Room Wait Station Sink Storage 1 4-Compartment Silverware holder with inserts Air Pots 4 Coffee Brewer Bunn O Matic Silverware Rack Coffee Cups Coffee Plates Small Glass Server Trays Large Glass Server Trays Mini Clip Boards Rectangle Garbage Can Food Tray Stand Large Oval Trays 25x24 Black Walnut Butcher Block Table Base 8 25x48 Black Walnut Butcher Block Table Base 4 25x60 Black Walnut Butcher Block Table Base 2 36x36 Black Walnut Butcher Block Table Base 3 Eagle Chair Company Dining Chairs Third Room 36x36 Black Walnut Butcher Block Tables Bases 3 36x72 Black Walnut Butcher Block Tables Bases 4 Grand Rapids Chair Company Dining Chairs 30 Server Station Hutch Booster Chair 3 High Chair 3 Rolling Coat Rack Patio Outdoor Dining 24 Square Teak Tables 48 Teak Tables Metal Chairs Moveable Planters Fencing KITCHEN 60 Prep Refrigerated Tables 3 Above Mounted Shelving 3 10 Burner Gas Stove Casters for Stove Gas Hose
Website:
https://www.wesellrestaurants.com
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About the Sale

Reason For Selling:
New Career
Training/Support:
2 weeks

Listing Info

ID:
1560128
Ad Detail Views:
210

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Business Listed by

Scott Ruby

We Sell Restaurants
License# 40518683

 Show Phone Number

View My 16 Active Listings
Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for Goodhue County, MN
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Goodhue County, MN
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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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