|
Business For Sale in St. Louis County , Minnesota
Property # 1178578 |
Available |
$649,900.00 |
Link To This Page:
http://www.land.net/view.php?v_id=1178578
Business Information
| Business Category | Restaurant | Other Business | bar/event center
| Business Name | Bar and Grill
| Property Address 1 | n.a.
| Property Address 2 | n.a.
| Property Town/City | St. Louis County
| Property County | n.a.
| Property State | Minnesota
| Property ZIP/Postal Code | 00000
| MLS # | n.a.
| Section/Block/Lot | n.a.
| Zoning | n.a.
| Building Sq. Ft. | 12,000
| Lot Size Acres | 4
| Lot Frontage Ft. | n.a.
| Lot Depth Ft. | n.a.
| No. Parking Spaces | n.a.
| Year Established | 1920
| Business Description | Established Bar/ restaurant with over 70 years of history. Yearly revenue increases. The bar area seats 130, dining area seats 100 plus downstairs event center seating 200. Owner financing available
| Property Description | Building completely remodeled including Rtu,s , kitchens and bars on both levels including all the new equipment, all on a 4 acre parcel.
| Area Description | Located in Duluth/Superior area. Duluth is a regional center servicing northern MN and portions of WI, M, and Ontario providing professional banking, retail, cultural, entertainment, education, medical and business services.
| Financial Information
| Sales Price $ | $649,900.00
| Gross Revenue $ | $800,000.00
| Total Expenses $ | n.a.
| Taxes $ | n.a.
| Net Operating Income $ | $126,428.00
| Cap Rate | 0.00%
| Year Ending | 2018
| Lease Ends | n.a.
| Financing/Terms | owner financing available
| This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. | |