Iconic, Profitable Family Style Restaurant

Listing Details:

• Business Category:      Restaurants
• Price:                              $1,479,000 (includes real estate)
• Gross Revenue:            $1,366,207
• SDE:                               $484,343
• Seller Financing:           $147,900
• Employees:                   5 Full Time, 16 Part Time
• FF&E:                            $114,030
• Location:                      Brainerd Lakes Area
• Support & Training:     4 weeks
• Non-Compete:              100 miles for 5 years
• Reason For Sale:         Retirement
• Years Owned:               41 Years

Business Description

This family style restaurant has been serving great food for lake country for decades. Excellent location on main highway in a major tourist area.

Business History

This restaurant started in 1965 and has been under current ownership since 1984. New menu items offered including smoked meats and liquor (Bloody Marys, mimosas, and beer)

Competitive Analysis

Competition is mainly bars serving only burgers and pizza on limited hours

Growth Potential

Expansion of catering services and liquor products offered

Facilities

Real estate: three buildings (2300 sq ft) on 1.7 acres in high traffic location