SOLD!! Very Popular Cafe located in the Twin City area

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Plate of Margherite Biscuit with Espresso

Plate of Margherite Biscuit with Espresso

TYPE OF BUSINESS: Very Popular Cafe located in the Twin City area, serving breakfast, lunch and dinner six days a week, breakfast only on Sunday. They’re known for their homemade pastries, breads, desserts, soups and stone baked pizzas. The business was established over 20 years ago.  The current owner has developed a loyal customer base. Owner works all aspects of the business but spends most of his time in the Kitchen. Because of management and staff in place he can leave for weeks at a time. Hours: Monday – Saturday 7:00a.m. to 9:00p.m.; Sunday 8:00a.m. to 2:00p.m. They have a beer and wine license and have started a catering service in the area that has taken off. The potential to grow this business is tremendous. A new owner could extend business hours on Sunday and expand the catering to more than just lunches.

 

FACILITY: This business currently operates out of a 3,200 square feet and is able to seat approximately 65 customers. The feel of the cafe’s decor is very warm. Monthly rent is $2,100.00. The owner indicates that landlord will work with the new owner on a lease.

 

EMPLOYEES:  Owner Operator with 2 full-time and 20 part-time employees.

 

EQUIPMENT: Included in price:  Furniture, Fixtures and Equipment valued at approximately $50,000.  Inventory approximately $7,500.

 

GROSS SALES: Gross sales for 2015 were $646,019. Gross sales for 2014 were $641,290. Cash Flow in 2015 to an owner operator was approximately $61,000.

 

 

ASKING PRICE: The owner is asking $160,000. This is a turn key operation and a perfect opportunity for someone who wants an established business with great growth potential.

 

REASON FOR SALE:  Retirement.

 

Featured: SOLD! Seller Financing – Well Established Pizza Delivery Business.

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Pizza

TYPE OF BUSINESS:  Seller Financing! Well Established Pizza Delivery Business. This business is known for its excellent homemade pizzas, pastas, calzones, and hot hoagies. Located North East of metro. Hours are Monday through Thursday, 4:00 p.m. – 10:00p.m. Friday and Saturday 1400 9.m. – 11:00 p.m. and Sunday 4:00 p.m. – 9:00p.m. This business has a long history within this industry and has built a loyal customer base. The store is set up right for maximum product exposure and is very customer friendly. Business offers “eat in” for up to 10 people, take out, or delivery. It is located on a very busy street in a unit of a beautiful strip mall. This is a turn key operation!

 

FACILITY:  This business operates in 800 sq. ft. space with ample parking and easy access. The current rent is $1,282 per month, CAM is included.

 

EMPLOYEES:  Owner works full-time and has 6 part-time employees.

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GROSS SALES:  The gross sales for 2013 were $180,948. 2012 sales were $187,086, 2011 sales were $183,337.

 

Additional Comments:  Landlord is willing to work with a new owner. Seller is willing to train new owner at no cost.

 

ASKING PRICE: The asking price is $50,000. $25,000 down, seller willing to finance the balance of $25,000 to a qualified Buyer. This includes inventory of approximately $1,100.00 and $32,000 of furniture, fixtures and equipment.

 

REASON FOR SALE: Other business interest.

 

Important Notice:  The above information has been provided by the Seller.  Neither The 20/20 Group, Inc. (dba Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness.   7775  b.k.

 

 

Featured Listing: Popular Cafe located in the Metro Area. SOLD!

Very Popular Cafe located in the Metro Area, serving breakfast and lunch six days a week and is known for their homemade pastries and breads. This business was established over 10 years ago and has developed a loyal customer base. The potential to grow this business is tremendous. A new owner could open on Sundays, extend business hours to accommodate for dinner, add beer and wine, cater private parties after hours in dining room and on patio and off premises catering.

FACILITY: This business currently operates out of a 1,500 square feet and is able to seat approximately 35 customers with a beautiful outdoor patio. The feel of the cafe’s decor is very warm. Monthly rent is $934.00. The lease is a month to month agreement with an option to extend. The owner indicates that extending or obtaining a new lease should not be a problem.

EMPLOYEES:  Owner Operator with 4 full-time and 6 part-time employees.

EQUIPMENT: Included in price:  Furniture, Fixtures and Equipment valued at approximately $50,000.  Inventory approximately $3,500.

 

GROSS SALES: Gross sales for 2010 were $372,000. Gross sales for 2011 were $409,000. Cash Flow was approximately $100,000. 2012 sales are tracking 10% over 2011.

 

ASKING PRICE: The owner is asking $310,000. This is a turn key operation and a perfect opportunity for someone who what’s to own their own business.

REASON FOR SALE:  Other Interests.

Important Notice: The above information has been provided by the Seller.  Neither

The 20/20 Group, Inc. (d.b.a. Opportunities in Business) nor its agents guarantee its accuracy or comprehensiveness. 7712  b.k.

Restaurants with Property in downtown Minneapolis –on the skyway system.

Established –popular-and profitable downtown restaurants in downtown Minneapolis –on the skyway system.

Opened in 1984-by the current owners-in the northeast downtown area on the skyway level; the property is owned by the business owners (condo) and is included in the sale. The businesses are in an area with other (non competing) food establishments.

Customers include downtown office employees as well as folks who live in the downtown area, in adjoining and adjacent buildings.

There are two properties –and two establishments included; one occupying 810 square feet and the second (adjacent) property is 976 square feet. They offer separate menus –one Italian including various pastas and salads and the second a variety of signature sandwiches and salads.

Both establishments are open for lunch only-a choice the owner made-which requires about four hours per day on the part of the owner. However, there are growth/expansion opportunities that are significant: more hours (breakfast, dinner); outreach to offices for delivery and their catering needs; marketing to nearby residential customers in condos, lofts and apartments. The businesses are staffed by the owner and part time employees.

A dramatic increase in sales is expected in the next 12-18 months as an adjacent office tower adds 1500 to 1800 new tenants.

Sales have been solid and consistent-in the $270,000 range annually with pretax cash flow in excess of 30% of sales including debt/ mortgage payments for the properties.

Asking price: $382,000 for both properties and the business including fixed assets.

Featured Listing: Japanese Restaurant

This restaurant has been serving the community for Ten years. The business has been very successful through the years. The business has a full liquor license. There are many options for this restaurant when you have 6 grills/hoods. There is plenty of room for different options.

FACILITY: The business operates in a 3,150 square foot facility. Lease payments are $3,548 per month plus CAM. There are a total of 6 hoods: 64 seats. The bar area has additional 14 seats. Hours of operation: 7 days a week.

EMPLOYEES: The business operates with the owner, assistant manager, 5 full time cooks and 9 part time employees. All the cooks have been employed for 6 plus years. Owner works 50 hours per week.

GROSS SALES: 2008-$804,950; 2009-$749,350; 2010-$821,650; 2011-$794,400. Cash Flow to an owner/operator in 2011 was $217,500.

SALES PRICE: The owner is asking $800,000 for the business which includes $200,000 in equipment.

REASON FOR SALE: Other business

FOR MORE INFORMATION CONTACT: BILL KRAEMER,

bill.kraemer@oibmn.com, 612-331-8392.

IMPORTANT NOTICE: The above information has been provided by the Seller. Neither the 20/20 Group, Inc. (dba Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness.  b.k.

Family owned restaurant

 This family owned restaurant has been serving the community sine the 1960’s. The current owner has a full menu for breakfast, lunch and dinner. The restaurant is open from 6:00am – 9:00pm Monday through Sunday. The owner is primarily the GM and the lead in the kitchen for the past 20 years.

FACILITY: The business is located an hour Southwest of Minneapolis in a very active community. The restaurant is on a main corner in town; great location. The main floor is 3,412 square feet with a full basement that is primarily used for storage. Customer seating is 96.

EMPLOYEES: The owner operates the business with 3 full time employees and 9 part time employees.

GROSS SALES: 2010-$308,400 with a cash flow of $61,150.

SALES PRICE: The owner is asking $495,000 for the business and the property. Business includes approximately $195,000 in equipment. Property was appraised in 2007 for $380,000.

REASON FOR SALE: Retirement

FOR MORE INFORMATION CONTACT: BILL KRAEMER,

bill.kraemer@oibmn.com, 612-331-8392.

IMPORTANT NOTICE: The above information has been provided by the seller. Neither The 20/20 Group, Inc. (dba Opportunities In Business) nor its agents has verified accuracy or comprehensiveness.  b.k.

Featured Listing: Restaurant, Bar and Event Center.

Restaurant, Bar and Event Center, This business was established in1983 and the current owners have operated business since 2003. The Restaurant and Bar area includes games, a large bar and a nice lounge/dining area.   The Event Center has two separate rooms, one room seats up to 100 people and works great for corporate meetings, groom’s dinners and personal parties. The large room seats up to 450 people for Weddings, Holiday Parties, and Bands etc. The owners indicate that there is tremendous potential to increase sales and profits by maximizing the amount of days the Restaurant and Bar are open per week and more marketing the Event Space and Catering. Right now the Restaurant and Bar are only open one day a week due to owner’s health and age, the rest of the business is from the Event Space. The building has been completely remodeled including new Roof, 2 Boilers, A/C, Exhaust, Make-Up Air, Flooring throughout and all new equipment in the kitchen. There are approximately 10 events booked so far in 2013. This business is located about 11/2 hours northwest of the metro.

FACILITY: The Business operates in about 9,500 square feet with beautiful hardwood floors and vaulted ceilings in the Event Space with plenty of parking.

EMPLOYEES:  2 owner operators with 7 part time employees.

GROSS SALES/CASH FLOW: Gross sales for 2011 were $114,000 and 2010 were $129,000.

ASKING PRICE: The owner is asking $310,000 for the business’s assets, name and goodwill, which includes furniture, fixtures, equipment and inventory, valued approximately $185,000 and $240,000 for the Building and Property. This is a turnkey operation and an outstanding opportunity for someone who has hospitality / event experience. Seller is willing to provide some financing to a qualified Buyer.

REASON FOR SALE:  Health/ Retirement.

Important Notice: The above information has been provided by the Seller.  Neither

The 20/20 Group, Inc. (d.b.a. Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness. 7710, 7711  b.k.