HIGHLY PROFITABLE LAKES AREA, MN RESTAURANT – $342K+ Cash Flow - $79,300 Down Payment.
Iconic restaurant is a long-standing staple in the community. Pristine, turn-key, highly profitable restaurant located in an area that attracts tens of thousands of locals and tourists year-round. Business is open 7 days a week for breakfast, lunch, and dinner, located in a high traffic area with great highway access. They have recently added a full liquor license and specialty service which is increasing revenue. Reliable staff in place who assume managerial responsibilities and have been with the business for 20+ years. A buyer with relevant experience may qualify for SBA financing and low-down payment of $79,300.
Sunbelt Listing ID: 53534
- Listing ID:
- 53534
- Industry:
- Restaurant & Bar
- Location:
- Minnesota
- Revenue:
- $1,310,704
- Business Price:
- $695,000
- Down Payment:
- $79,300
- SDE (Cash Flow):
- $342,882
- Listing Agent:
- Mike Wheelock & Nacia Dahl
- Inventory included in sale:
- Yes
- Inventory Value:
- $20,000
- Years in Business:
- 20+ years
- Employees (Full-Time):
- 5
- Employees (Part-Time):
- 18
- Reason for selling:
- Retirement
- SBA Financing Available:
- Yes