Supper Club and Steakhouse
Report Date: 8/15/2007 BizBuySell Add #: 322786
Location: Southwest Minnesota
Primary Category: Supper club/ steakhouse
 

Financial Information

Asking: $ 190,000.00 Gross: $ 250,000.00 Cash Flow: $ N/A
Furniture, Fixtures & Equipment: $ 75,000.00
Inventory: $ 10,000.00 - $15,000.00 (not included in sale price)
Real Estate: $ 75,000.00
Financing: $ 100K down, with seller financing
 
Summary Description:
Beautiful steakhouse with catering facilities located between two major cities. 2 separate dining areas for private parties and banquets.  Nic e lounge bar area with full liquor and off sale.  Also, includes a 2 BR apt over one of the dining rooms.  Has a full kitchen and separate catering kitchen with all equipment.  Separate game room with pool and darts.
 
General Information:
Facilities: 5,300 sq ft, RE taxes $2,000/year
Competition: Only one other bar in town with minimum food sales.
Growth & Expansion: Catering sales have lots of upside potential.  Additionally pull tabs could be added to drive bar sales.  Presently 70% food and 30% liquor sales.
Support / Training: 30 days for new owners
Reason Selling: Retirement
Year Established: 1984
Employees: 10 part-time
 
Contact information:
Contact: Jerry Vlaminck Phone: 763.972.9077
Email: hospitalityserv@frontiernet.net  
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