| Asking Price |
$500,000 | Inventory |
$25,000** |
|---|---|---|---|
| Gross Income |
$400,000 | Real Estate |
$415,000* |
| Cash Flow |
$100,000 | Year Established | 1970 |
| FF&E |
$85,000* | Employees | 6 |
* included in the asking price
** not included in the asking price
Great oppurtunity to own a profitable business at a great price. Seller does no promotion and does not take advantage of the 5ac to hold outdoor concerts, and other car shows or other events that would pulll people off the main road. The current building is 5000 sq ft so there is plenty of room for weddings, banquets, and weekly auctions. There is plent y of room up front next to road for car dealers, convinance stores, and any business that needs highway exposure. Sits right on snowmobile trail so business is good year round. Do not wait on this operation, it will sell fast, cal today to set up your private showing, you will be glad you did.
Facilities: This is a great location sitting right on HWY 8. There is a total of 5 ac and 5000 sq ft which allows a great place for weddings, weekly auctions, and several banquets. The city does not have any regulations on the number of outside concerts and other avtivities that can be held each year, this is a true cash cows with cherry machines , right now the operation is ran by outside help, a owner operater could do much better, even though it does very well right now. Easy to own but hurry thuis will not last,
Competition: There is only one other bar in the area an it is not situated on hwy 8, this is a great spot to also add a convienance store with gas pumps, and or other business that can use hwy exposure . This is a great oppurtunity for a owner operater, 3 bedroom mobile home on site could be lived in or rented. Hurry this is a great opp.
Growth/Expansion: Owner opperarter can do much better than the current owners, which spend less thatn 10hrs per week in the operation, Most of the business is ran by 8.00 per hour help and they really do not care, The businsess that is being done there now is a result of the location not becasue they are doing such a good job with what they are doing, But this i a great mulitiple site business, for the right buyer/
Financing: Must be cashed out very bankable thru 504 SBA with 10% dn
Support/Training: The present owners will work with the new owner for at least 14 days and to make sure that the new owner is comfortable with the ownership of the business.
Reason Selling: Underlying c/d is due and must be paid off sellwr has non related credit isssue

Bruce Fagan
651-257-3465
Coldwell Banker Lindstrom office
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