Sports Bar/Grille/Event Center
Report Date: 8/29/2007 BizBuySell Add #: Pending
Location: Savage/Burnsville Area
Primary Category: Bar and Grill
 

Financial Information

Asking: $ 850,000.00 Gross: $ 1,000,000.00+ Cash Flow: $ 150,000.00
Furniture, Fixtures & Equipment: $ 400,000.00
Inventory: $ 50,000.00 (Not included in sale price)
Real Estate: $ Available for sale
Financing: Owner will look at possible terms with a good down payment. Buy the business with first right of refusal on the real estate or make an offer on everything.
 
Summary Description:
Sports bar is a very popular spot located in the Savage/Burnsville area. they have a spacious banquet center. They have added a new stage with sound and recently added a $20K light system that has increased banquet rentals through the roof.
 
General Information:
Facilities: 12,000 plus sq ft
Competition: Community is a large suburb on main route for traffic. This business continues to be a favorite "Watering Hole" with great food. New improvements and upgrades in the event center will result in a significant increase in revenue. Bands pack them in on the weekends! Business is capable of generating $2+M/year.
Growth & Expansion: Originally built in 1988 as a VFW, and they're built to LAST! Modern kitchen has everything you need to serve hundreds of meals at a time. $60K bar buddy liquor system add to the value of this property. Event center seats up to 600 people.
Support / Training: 30 days for new owners
Reason Selling: Downsizing
Year Established: 1988 (originally a VFW)
Employees: 4FT/16PT
 
Contact information:
Contact: Steve Swenson Phone: 763.972.9077
Email: hospitalityserv@frontiernet.net  
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