Mike Schmitt
St Cloud/Benton
6543391
Food & Beverage: Restaurants, Fast Food, Deli
$795,000
1971
21
Not Disclosed
Not Disclosed
$NA
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$NA
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Not Disclosed
Reason for Selling:
retiring
Overview of the Business:
Here is a well established restaurant and convention center in a high traffic location with numerous seminars, meetings, banquets and weddings booked for the upcoming year. This facility is connected by an enclosed walkway to a large Best Western Hotel providing an excellent compliment and source of customers for this business. Also provides outside catering services. Long time owner wishes to retire. Tremendous up side potential for ambitious owner/operator. This may be the best value of any food and beverage opportunity on the market.
Property Features and Assets:
On 1.43 acres, parking for 110 cars, building is approx. 13000 square feet. High traffic location - over 25,000 cars per day. Lounge area seats 90, dining room & multiple meeting rooms can accommodate up to 280. Large banquet style kicthen. See www.cbcorion.com/michaels.html for more details and pictures.
Market Competition and Expansion:
One of the few convention type facilities in the area.
Additional Details: