Multi-Tenant Strip Mall | Well-Established Bar & Grill | SOLD

This is a well-established bar and grill with a steady clientele in a multi-tenant retail strip center.  Owner of over fifteen years wishes to retire.  Popular location for live entertainment and pool leagues.  Sale includes the real estate which has five suites, one occupied by the bar/grill, two leased spaces and two open spaces. Kitchen has been recently remodeled with new equipment added for a total renovation cost of over $175,000.  This is an excellent opportunity with lots of upside with an ambitious owner/operator.

More details: 
  • Recent improvements include a new roof in 2014 at a cost of approximately $35,000 and parking lot repair in 2015 at the approximate cost of $13,000
  • Kitchen has been recently remodeled with new equipment added for a total renovation cost of over $175,000
  • Pull tabs average over $3,000/month. Has regular pull tabs along with E tabs.  
  • Resalable Inventory:  Varies from $12,000 to $15,000, liquor and food at seller’s cost.
Address: 
Sauk Rapids, MN
County: 
Benton
Parcel #: 
Multiple parcels
Land Area: 
48,000 sf with newly blacktopped parking lot.
Zoning: 
Downtown Business District
Size of Building: 
11,250 SF main floor, plus 5000 SF basement area for storage.
Age: 
Built in 1974
# of Units: 
5
Employees: 
2 full time and 8 part time
Hours: 
11:00 AM – 2:00 AM Tues – Thurs; 10:00 AM – 2:00 AM Fri & Sat; 11:00 AM - 1:00 AM Sun & Mon.
Seating Capacity: 
300 total. 40 at the bar and the balance in the lounge area.
Parking: 
Plenty of asphalt parking
Bathroom: 
2 men’s and 2 ladies, each handicap accessible
Real Estate Taxes: 
$11,204 (2017)
Gross Income: 
Available upon receipt of signed NDA
Price: 
SOLD BY COLDWELL BANKER COMMERCIAL ORION