Well-Established & Lucrative Restaurant Overlooking Clear Lake in LeCenter, MN

LeCenter, MN Restaurant for sale: Restaurant/bar, banquet room, stage, large commercial kitchen plus large lower level with storage. 1-bedroom home included! 1.4 Acre site.

Well-Established & Lucrative Restaurant Overlooking Clear Lake in LeCenter, MN


Bar & Restaurant overlooking Clear Lake. Well established, lucrative business. The restaurant is 5466 Sq Ft with 250 person capacity, bar area and banquet room, stage, large commercial kitchen, large lower level has walk-in freezers and tons of storage. 1 bedroom home is included in the sale. 1.4 acres - walking distance to Clear Lake public access, next to campground and park. Assumable loan. Original building was built in 1950 but there was a complete remodel in 2006.



Location

Country:

USA

State or Province:

MN

City:

LeCenter

Location Zip or Postal Code:

56057

Listing Information

Service Type:

Sit-Down Table Service, Counter Service/Fast Casual, Liquor Primary

Title of Listing:

Well-Established & Lucrative Restaurant Overlooking Clear Lake in LeCenter, MN

Year Established:

1950

Number of Locations:

1

Number of Seats:

Over 150

Size:

5466, Square Feet

Patio:

Yes

Number of Employees:

11-50

Owner Operated or Absentee Owner or Flexible:

Owner Operated

Training Provided:

Yes

Links

Website:

https://www.edinarealty.com/yvonne-perkins-realtor

Financial Details

Asking Price:

$850,000

Gross Revenue Range:

Under $500,000

EBITDA Range:

Under $100,000

SDE Range:

$100,000

FF&E Value (Furniture Fixtures and Equipment) included in price:

Yes

Real Estate Owned or Leased:

Real Estate Owned

Financial Comments (include any Financing information that may be useful):

Assumable Loan: Buyers will need to sign a NDA for financials assumable loan. Listing agent to be present for showing. Do not ask employees about sale.

Contact Listing Owner