Motivated Seller! Restaurant with Building

TYPE OF BUSINESS: Well-known Restaurant and Bakery established in 1977, located in the Twin Cities area. This business is known for its great service, extensive breakfast and lunch menu, and their homemade pastries and pies. The present owner has owned this business for past 13 years and has developed a loyal customer base.

FACILITY: This business operates in a 4,200 sq. ft. free standing building, seating for 150 ppl. Built in 1977 located on a .79-acre lot with ample parking and easy access.

EMPLOYEES: Owner works full-time with well trained staff in place to cover her when absent. 5 full-time and up to 15 part-time employees.

GROSS SALES / Cash flow: The gross sales for 2017 were $1,082,171, cash flow in 2017 was approximately $125,400. 2016 sales were $1,147,362, cash flow in 2016 was approximately $137,300.

Additional Comments: You have a choice to keep it as a franchise or drop the franchise and add your own twist. FYI, seller paid $73,172 in franchise and marketing fees last year (this is not in the cash flow). There will be a transfer fee and training expenses as well if you choose to keep it as a franchise.
Owner will work with the new buyer to insure a smooth transition.

ASKING PRICE: The asking price for the business is $150,000, this includes inventory of approximately $4,500 and furniture, fixtures and equipment at approximately $75,000.

The land and building are for sale, .79 acres with a 4,200 sq. ft. building. The asking price is $700,000.

REASON FOR SALE: Retireme

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Bill Kraemer

About Bill Kraemer

Bill Kraemer brings a unique skill set to the business broker arena. As a former business owner himself, Bill understands what it takes to develop, build and successfully sell a business for maximum value. He has the unparalleled ability to indentify individual strengths and align buyers with the proper businesses. His passion, experience and honest approach give him the ability to relate to business owners and their enterprises. Bill has over 26 years experience in the Minneapolis/St. Paul marketplace and has established a reputation as a trusted business advisor to clients and businesses alike. He specializes in buy/sell transactions spanning across manufacturing, distribution, franchises and service industries. Bill lives in Apple Valley with his wife of 26 years, Susan and their two children – Lauren and Nick. Bill loves spending time with family and friends and is an avid outdoorsman.

Contact the listing agent to learn more.