Turn-Key Restaurant, located in Rochester MN.

TYPE OF BUSINESS: Newly remodeled fully operational restaurant located in the heart of Rochester; Peace Plaza! This turn-key restaurant is fully equipped with a 12’ built-in hood system.  The possibilities are endless, whether you want to keep the current theme or add your unique touch. The main dining room seats 57 guests, with additional seating in the Plaza.

FACILITY: The green-N-fresh restaurant space is located in the historical 1st. Ave. building (the oldest building in Rochester) and is approximately 1,858 sq. ft. of dining and kitchen with an additional 1,380 sq. ft. in the lower level for a 10’X10’ walk-in cooler, 8’X8’ walk-in freezer, with a ton of storage space. The dining room is set up buffet style with hot/cold tables for fast service but is plumbed for a full bar with an available liquor license. Neighbors include the Mayo Clinic, Kahler Hotel, Chesters, Well Fargo, and Chateau Theater.

Peace Plaza has events all year long; for example, they have a Social Ice event in February. This unique event has themed ice bars, carved ice sculptures on display, and live music. Fresh Air Fitness (fitness classes) every Saturday day and Sidewalk Sessions (local and regional musicians) every Tuesday night in May through September.

 ASKING PRICE: The seller is asking $250,000 for the furniture, fixtures, equipment, décor, and recent build-out. This would be a sub-lease. The seller is willing to finance a portion of the deal to a qualified buyer. $100,000 down seller to finance the $150,000.  The seller will stay flexible on terms and conditions with a qualified buyer. Base rent is $11,000 plus utilities. The seller is willing to help with the base rent for the first year as well.


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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 identify 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 30 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 32 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.