61486 County Road 86 - Restaurant FOR SALE


Kellogg, MN 55945
$425,000 USD
507-262-6000
61486 County Road 86, Kellogg, MN for Sale
$425,000 USD
Restaurant - FOR SALE
1/3
null | 25% Cap Rate

61486 County Road 86
Kellogg, MN 55945


HIGHLIGHTS

  • Turnkey bar and grill business with real estate included, located in the scenic bluffs of Southeast Minnesota.
  • Situated on nearly 2 acres with potential for additional amenities such as an outdoor patio and music area.
  • All assets required for operation are included in the sale, with seller financing available for qualified buyers.
  • Includes a 1,600 sq ft living quarters in the basement with private entrance, bedroom, living room, and bathroom.

OVERVIEW

Business Description BJs Bar and Grill in beautiful Theilman, MN is available for sale. This business is turn key with all assets need to run the operation included in the asking price. Set on just under 2 acres of land, this 14,000 sqft facility contains a bar, restaurant, and social hall that can handle up to 600 guests at a time. Located in the picturesque bluffs of Southeast Minnesota this business offers a place to get food and drink for the campground next door, locals from all over the surrounding area, and snowmobilers as they ride the trail that passes right next to the facility. In addition, wedding parties and local non-profits utilized th`e 10,000 sq ft banquet hall throughout the year. With thirteen dedicated and skilled part-time staff and enough equipment to feed 600 people at a time, this business is set up for success for the next owner. The real estate the business operates out of is included in the asking price. The building is divided up into a 125' by 80' event hall, and kitchen/bar/restaurant that is 102' by 40'. In the basement there is a 1600 sq ft living quarters setup with a bedroom, living room, and bathroom, along with a private entrance. In addition, in order to have a place to stay locally, there is an opportunity to get a permanent camping spot in the campground next door. Capitalize on this opportunity to own a highly coveted piece of real estate and turn-key business today! Facilities The real estate the business operates out of is included in the asking price. The building is divided up into a 125' by 80' event hall, and kitchen/bar/restaurant that is 102' by 40'. In the basement there is a 1600 sq ft living quarters setup with a bedroom, living room, and bathroom, along with a private entrance. In addition, in order to have a place to stay locally, there is an opportunity to get a permanent camping spot in the campground next door. Products, Services & Licenses This business serves up food, drink, good times, and social gathering spaces to patrons of all ages and backgrounds. The new owner should be prepared to take over the cooking and general management of the business, or be prepared to hire out those duties. The business requires a alcohol license and food license from the state of MN to operate; the new owner should be prepared to get these licenses lined up as well. Bring your culinary and management skills to this opportunity, along with some ingenuity and elbow grease, and you are sure to have a solid money maker for years to come. Assets/Liabilities Comments All assets needed to conduct current operations are included in the asking price. Potential for Growth There are many avenues for growth in this business including: 1) adding an outdoor patio, 2) adding outdoor music, 3) opening up more days of the week, 4) marketing more for the banquet hall space and doing more big events, 5) changing up the food and drink specials.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$30 USD /SF

CAP RATE

25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BJs Bar and Grill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

Commercial

APN/PARCEL ID

R-06.00329.00

ASK ABOUT THIS PROPERTY

Jacob PetersenMurphy Business & Financial CorporationMore Info
507-262-6000

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Jacob PetersenMurphy Business & Financial CorporationMore Info
507-262-6000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.