Great Investment! Completely Absentee! Buy this successful TWO business package! Booming Bar and Restaurant for Sale in the South Metro area. Their specialty catering business has become a local fixture for the past 14 years of operation.
This bar and restaurant for sale even has a secret weapon to their success; Their specialty catering service did 543 events in 2018, with most of them being weddings! Buy today and get in before the lucrative wedding season! The event catering business did over $430,000 in sales in 2018, and the bar and restaurant for sale is projecting to bring in another $400,000 plus this year! Combined, that means the bar and restaurant for sale will the catering business is projected to bring in over $830,000 and the owner is absentee and lives out of state!
This bar and restaurant for sale is in the south metro area and has quickly become the go-to place for fantastic food at reasonable prices. The area is continually growing, as they have new housing developments being built. The bar and restaurant for sale sits on a great corner in this charming downtown block with easy highway access and visibility. With an active landlord and great community support, this business easily succeeds in this small town. This summer the landlord is planning to help grow the business even more by adding an outdoor patio as well as updating the exterior of the building. We Sell Restaurants will help guide you through the process - From the first sign to the dotted line!
Even the rent is priced to move quickly! The bar and restaurant for sale are on a 3-year lease at just $1,100 per month! This 3,000 square footage space is currently run by an absentee owner.
Simple to operate and with low overhead and a popular menu, this bar and restaurant for sale is the perfect opportunity. Even the hours are accommodating! Open every day except for Monday and Tuesday, you could not ask for a more easily manageable business.
Experienced management team in place that runs the day to day operations of both the bar and restaurant, as well as the catering business. Truly a turnkey operation!
The sellers added the bar to be a compliment to their specialty catering service so they could sell alcohol packages to their clients and operate cash bars. This allows them to have a Minnesota Catering Liquor License, as well as operating a bar within their restaurant.
This is truly the complete package; An easy to operate bar and restaurant for sale, as well as a successful catering business. Strong sales and unlimited potential to continue to grow the already impressive revenue.
Act quickly, as they have over a hundred of events booked for this summer already and are in the midst of a $20K upgrade on their website and software platform.
Lease Term: expires September 2021
Monthly Rent: $1100,
Indoor Seating: 85
Inside Sq. Ft: 3000,
Hood System: Yes
Neighboring Businesses: Main street businesses, brewery, pizza place, offices and residential
Hours Open: Bar and Grill Wed - Sunday 11am - 12am
# of Part-Time Employees: 40
# of Full-Time Employees: 3
Net Sales: $830000.00
Owner Benefit: $180000
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