Sports Bar ~ Restaurant
Report Date: 1/8/2008 BizBuySell Add #: 355213
Location: Norwood Young America
Primary Category: Bar/Grill
 

Financial Information
Asking: $ 395,000 Gross: $ 600,000 Cash Flow: $
Furniture, Fixtures & Equipment: $ 100,000
Inventory: Business is currently closed.
Real Estate: $295,000 included in sale price, or may purchase just business equipment for $100K with $50K down
Financing: $ 50K down with owner financing on C/D for building and land
 
Summary Description:
The sports bar/restaurant is currently close.  The business is known as Richards on Main.  Included in the sale is the real estate along with all kitchen and bar equipment, liquor license and fixtures.  Prefect opportunity to be your own boss.
 
General Information:
Facilities: 3,500 sq ft main floor
Competition: Building was totally remodeled 4 years ago.  Building appraised in 2001 for 4405K.  Limited direct competition.  busy Hwy 5 and 212 have high traffic.
Growth & Expansion: The owner is looking to sell the property and equipment to someone interested in operating a restaurant.  Full basement available for storage.  Above the bar is a 2 BR apartment that currently rents for $650/mo.  Norwood/Young America is just 25 minutes west, southwest of 1-494 and Hwy 5.
Support / Training: Restaurant has full management staff in place.  Owner could provide 2 weeks of training/consultation.
Reason Selling: Owners needs to run other business
Year Established: 1987
Employees: Currently closed
 
Contact information:
Contact: Jerry Vlaminck Phone: 763.972.9077
Email: hospitalityserv@frontiernet.net  
Prospect Contact Options:
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      Require prospect's telephone number
      Ask for prospect's available funds
      Ask for prospect's time frame
      Require prospect submit standard Confidentiality Agreement