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Beautiful Lakeside Restaurant

The business offers a variety of lakeside experiences as a year-round marina and restaurant. As of July 2022, Trailing-Twelve-Month Revenue is $5,885,500 and Seller’s Discretionary Earnings is $917,569 after RE purchase. The business’ diverse and loyal customer base consists of lake residents, tourists, and locals of the area. The business is known for its boat slips, dockside to-go parking for boaters, and frequently hosting dock-side live music. The boat-slip wait list currently has over 300 reservations. There is a creative and experienced management team in place and a technically competent workforce.
Sunbelt Listing ID: 50870


Listing ID:
50870
Industry:
Restaurant & Bar
Location:
Minnesota
Revenue:
$5,885,500
Business Price:
$4,500,000
Down Payment:
$900,000
SDE (Cash Flow):
$1,382,569
Real Estate for Sale:
Yes
Real Estate Price:
$6,000,000
Listing Agent:
Mike Slater
FF & E:
$350,000
Inventory included in sale:
Yes
Inventory Value:
$40,000
Years in Business:
5+ years
Is this a franchise:
No
Employees (Full-Time):
7
Employees (Part-Time):
120
Reason for selling:
Planned Sale
SBA Financing Available:
Yes

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