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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.
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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
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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. | |
