 Restaurant
~ Ballroom ~ Jazz Club |
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Report Date: |
7/22/2008 |
Office Id# |
400842 |
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Primary
Category: |
Restaurant, Bar and Grill |
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CLICK HERE TO VIEW PHOTOS |
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To
take virtual tour of building,
please copy and paste address into
browser |
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http://www.theculinarywiseguyshow.com
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Financial
Information |
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Asking: |
$200,000 |
Gross: |
$ 1.2mm |
Cash Flow: |
$ N/A |
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Furniture, Fixtures &
Equipment: |
$ 400,000 (included in sale
price) |
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Real Estate: |
$ 1.6m Not included in
sale price but available for
sale |
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Financing: |
$100K
down, make offer |
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Summary
Description:
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Owner wants action, price
just reduced $450K with
awesome terms, only $100K
down gets you into this beautifully appointed
restaurant in historic
district of fast growing
Faribault, MN. Main floor
comfortably seats 200 guests
with the lower level Jazz
Club seats 125.
The
Paradise Center for the Arts
is a recently renovated
attraction in downtown
Faribault; sitting up on the
hill from the restaurant is
the nationally recognized
prep school Shattuck-St.
Mary's. The restaurant
grossed 1.2m in sales the
first year of operations and
occupied 3 of the 4 floors
of the building.
South side patio can seat up to 200 guests. This is an absolute
turnkey opportunity. |
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General
Information: |
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Facilities: |
1st floor, 5,826
sq ft Includes Main Floor,
Storage, Deck and bathrooms, $5,553.33/mo includes
CAM 2nd floor,
2,504 sq ft $3,338.66/mo
includes
CAM
Lower Level, 1,882 sq ft,
$2509.33/mo includes
CAM |
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Competition: |
The facility is newly
constructed, up to code and
fully turnkey.
Additional parking near
restaurant will make
this the place to be for
events, wedding, etc. |
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Growth &
Expansion: |
Catering – events –
weddings. Present owner did
not develop banquet business
was only 10% of sales –
could be several hundred
thousand dollars, if
operator choose to rent the
ballroom. |
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Support /
Training: |
Current owner is willing to
train and consult new owners
for 4 weeks. |
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Reason
Selling: |
Divest of restaurant
operations |
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Employees: |
Currently closed |
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Contact
information: |
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Contact:
Jerry Vlaminck |
Phone:
763.972.9077 OR 763-972-9080
Fax |
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Email:
hospitalityserv@frontiernet.net |
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Prospect Contact Options:
Require prospect's
name
Require prospect's
telephone number
Ask for prospect's
available funds
Ask for prospect's
time frame
Require prospect
submit standard
Confidentiality Agreement |
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