Palace Bar & Grill Downtown Montgomery ~ Includes Restaurant & Income Producing Apartments!
Palace Bar & Grill Downtown Montgomery ~ Includes Restaurant & Income Producing Apartments!
The Palace Bar & Grill in Downtown Montgomery. Great Business opportunity. Includes all equipment and liquor license, 1 & 2 BR income-producing apartments above. Game room area has pool tables and dart board. Room for a band. Dining area could be converted to office/retail space.
Location
Country: | USA |
State or Province: | Minnesota |
City: | Montgomery |
Location Zip or Postal Code: | 56069 |
Listing Information
Service Type: | Sit-Down Table Service, Counter Service/Fast Casual, Liquor Primary |
Title of Listing: | Palace Bar & Grill Downtown Montgomery ~ Includes Restaurant & Income Producing Apartments! |
Year Established: | Approx 1994 |
Number of Locations: | 1 |
Number of Seats: | 51-150 |
Size: | 2693, Square Feet |
Patio: | Yes |
Number of Employees: | Less than 10 |
Growth or Expansion Opportunities: | Income-Producing apartments along with restaurant income potential |
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: | $325,000 |
Gross Revenue Range: | Under $500,000 |
EBITDA Range: | Under $100,000 |
SDE Range: | $100,000 |
Asset or Share Sale: | Asset |
Real Estate Owned or Leased: | Real Estate Owned |
Contact Listing Owner
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