Lakes Area, MN
For Sale $650,000.00
Excellent opportunity to take over a long standing, well operated restaurant located in the Lakes Area. In operation for over 50 years, this restaurant has been serving the masses with exceptional made-fresh breakfast, lunch & dinner, along with family-style to go, and catering. Serving their sought after specialties, they proudly invite hungry ones in for a hefty heart-warming bite. This is a great opportunity to own a successful, reputable restaurant while living in nature’s paradise in the Lakes Area.
- Purchase Price: $650,000.00
- Price Note: Business Only: $650,000 + Inventory (Inventory is estimated to be approx. $12,000 - $15,000).
- Terms of lease: Building Lease: Building, Land, Furniture, Fixtures & Equipment are to be leased by Buyer. Starting lease rate is $6,000 per month base rent. The lease is a triple net lease with Tenant responsible for property taxes, property insurance and common area maintenance.
- Annual Cash Flow: $316,000 Estimated Cash Flow after Rent
- Type of Business: Restaurant
- Year Established: 1965
- # of Employees: As of February 2022 there are six cooks, one year-round dishwasher, seven year-round servers, two servers working only in the spring/summer months and one manager.
- Reason For Selling: Owner Wishes to Retire
- Property Features / Assets: Seating Capacity: 90; 88 SF Cooler; 66 SF Freezer; Hood Suppression System (New in 2017)
- CC File #: 1647