Iconic family-style restaurant & café located on the main street in a very popular downtown area near MN/WI border. This location has been in business under the current ownership for over 33 years! They serve breakfast and lunch items 7 days a week from 8am – 2pm (six hours a day)! They have a great mix of loyal local customers and individuals visiting this destination area. Great opportunity for an owner-operator to capitalize on a great location in a growing area. New hotels, apartments and condominiums are currently under construction in the immediate vicinity of this business. Heavy traffic area, clean restaurant and fully staffed. 2021 revenues exceeded $370,000 with an adjusted net income of $128,029. 2022 is on track to do the same. This opportunity is only available due to owner retirement. Asking price of $325,000.
ICONIC Family-Style Restaurant near Minnesota/Wisconsin Border For Sale - 11513
Description
Listing ID
11513
Value From Year
2021
Cash Flow
$128,029
Equipment Price
$60,000
Gross Sales
$373,392
Reason for Selling
Retiring
Value Of Real Estate Included
No
Value Of Equipment Included
Yes
Years Established
40
Full Time Employees
5
Part Time Employees
2