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