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Iconic Restaurant In Popular Downtown Stillwater For Sale

Minnesota, US
Asking Price:
$325,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$426,764
Cash Flow:
$111,442

Iconic family-style restaurant & café located on the main street in popular downtown Stillwater in close proximity to the lift bridge and the new plaza being built. This location has been in business under the current ownership for over 33 years!

They serve breakfast and lunch items 7 days a week from 8am – 2pm (six hours a day)! They have a great mix of loyal local customers and individuals visiting this destination area.

Great opportunity for an owner-operator to capitalize on a great location in a growing area. New hotels, apartments and condominiums are currently under construction in the immediate vicinity of this business. Heavy traffic area, clean restaurant and fully staffed. 2022 revenues exceeded $425,000 with an adjusted net income of $111,442. 2023 is on track to do the same.

This opportunity is only available due to owner retirement. Asking price of $325,000.

Property Information

Real Estate:

Lease

Lease Terms:

Per Month

Leasehold Rent:

$3,000 per annum

Size in square feet:
1500 sq ft

Business Operation

Reasons for selling:

Retiring

Trading hours:

Monday through Sunday 8am to 2pm

Employees:
5 Full-time, 3 Part-time
Years established:
40

Other Information

Support & training:

Negotiable

Furniture / Fixtures value:
$60,000 - included in the asking price