MergerPlace

Hiawatha-Nokomis Area Freestanding Restaurant $450,000

Minneapolis, Minnesota


  • Asking Price: $450,000
  • Gross Income: $1,285,244
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $150,000
  • Listing ID: #215562
  • Established: 1970
  • Employees: 1

Business Description

FOR SALE IS A FREESTANDING RESTAURANT BUILDING WITH FULL KITCHEN LOCATED IN DEMAND LAKE HIAWATHA/NOKOMIS NEIGHBORHOOD.
• C-Store operating at breakeven with $1M sales is included in $450,000 price at no additional cost!
• Buyer that understands the C-Store business can operate the C-Store to show a profit.
• Deli Tenant generates rental income of $3,000 per month, tenant is on a month to month lease.
• Fully Equipped Commercial Kitchen - The new owner can generate food revenue or rental income.
• Area is served by the Hiawatha Light Rail and is being redeveloped.
• New owner may convert entire C-Store building into a full, sit-down restaurant operation.


Business Details

Primary Business Category: Retail Trade - Supermarkets
Location: Minnesota
Metropolitan Area: Minneapolis

Company Information

Year Established: 1970
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1

Financial Information

Asking Price: $450,000
Gross Revenue: $1,285,244
EBITDA: $50,000
FF&E: $150,000
Seller Financing Available: Yes

Property Information

Reason for selling:

Retirement

Contact Business Seller

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Business Listed By:

Sunbelt Minneapolis