German Restaurant, Lounge & Banquet Facility
Location Minnesota,United States
Asking Price Range $500K - $1.0M
Gross Revenues $468000
Net Profit / Cash Flow $96000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1972
Number of Employees 20 - 34
Inventory 22000
Relocatable Not Disclosed
Number of Employees 20 - 34
Real Estate Owned
Description This profitable business is priced to sell quickly. It includes a restaurant, lounge, convention and banquet facility, and catering service. People come from a 60-mile radius for the great service, the restaurant's award-winning food, and the convention center's easy accessibility. The restaurant has the finest cuisine in the area with a combination of American and German foods, seafood and steaks. The full bar contains one of the largest wine selection in central Minnesota. The beautifully decorated convention and banquet rooms can accommodate up to 250 people.
The restaurant and banquet hall are located in a 28,000-sq-ft building with easy accessibility on a state highway. The facility is included in the sale. The business is in a great location with ample parking and room for expansion. It is next to a major hotel that provides a number of customers. The business is in a growing city just over an hour drive from Minneapolis.
The owner would be willing to stay on after the business sale a few months to help facilitate a smooth transition.
Established: 1972, current ownership began in 1996.
Employees: 2 full-time, 25-30 part-time.
Facilities: A 28,000-sq-ft building.
Reason for selling: The owner is retiring.
Contact for more information on this German Restaurant, Lounge & Banquet Facility for sale.
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