Bar & Grill And Liquor Store in Minnesota

Description

Bar and restaurant for sale in a small-town market with more than 30 years of operating history. The property includes approximately 1.22 acres and a 3,600 sq. ft. building.

Recent improvements

The seller reports more than $100,000 in recent upgrades to the property and restaurant equipment.

• New parking lot
• Water softener
• Food preparation table
• Cooler doors
• Air-conditioning system
• Furnace
• Restroom fixtures
• Commercial flat-top grill
• Additional building and equipment improvements

Property

• Approximately 1.22 acres
• Approximately 3,600 sq. ft. building
• Parking on site
• Existing restaurant and bar infrastructure

The larger site may provide room for additional uses, subject to zoning, permits and available utilities.

Customer base

The business has operated in the community for more than three decades and serves an existing base of local and repeat customers.

The seller reports limited nearby competition. Buyers should independently review the current restaurant and bar market within the trade area.

Growth

• Add private events
• Expand catering
• Develop outdoor seating or activities
• Increase local marketing
• Add community events and entertainment where permitted
• Extend food or beverage offerings

Owner involvement

The business may suit either an active owner-operator or a buyer planning to retain management and operate with more limited day-to-day involvement. Buyers should confirm current staffing and management responsibilities before relying on a semi-absentee structure.

Due diligence

Buyers should verify historical financials, property ownership, equipment condition, improvement invoices, real estate value, zoning, property taxes, staffing, liquor-license status and any deferred maintenance before closing.

Any expansion involving events, outdoor service, entertainment or additional food and alcohol service should be reviewed for applicable local permits and licensing requirements.