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24699393
23791300

BJs Bar and Grill in Southeast MN

Murphy Business of Southeast Minnesota -  Petersen
Listed by Murphy Business of Southeast Minnesota - Petersen
$375,000
364 days on market
Updated 14 days ago
Details
Property Type Retail, Hospitality (+2)
Sub Type Restaurant, Bar (+1)
Square Footage 14,000
Units 2
Beds 1
Cap Rate 30.78%
NOI $138,500
Occupancy 100%
Tenancy Single
Pro-Forma Cap Rate 30.78%
Pro-Forma NOI $138,500
Price per SqFt $32
Class C
Year Built 1968
Year Renovated 2015
Buildings 1
Stories 1
Acreage 2.000
Parking Spaces 75 spaces
Parking Per SqFt 5.36
Investment Type Owner/User
Tenant Credit No Credit Rating
Ownership Mark Jensen

Bar and Grill Located in Beautiful MN Bluff Country!

Marketing 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 the 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.

Capitalize on this opportunity to own a highly coveted piece of real estate and turn-key business today!

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.

Investment highlights

  • Year Established: 1968
  • Year Owned: 2007
  • Form of Ownership: Corp Sub S
  • Absentee Owner: No
  • Hours Owner Works: 55
  • Days & Hours: W-Th 3p-close; Fri 10:30a-1a Sat 8a-1a; Sun 8a-9p
  • Number of Employees: ft 13 pt
  • Type of Location: Commercial
  • Square Footage: 14,000
  • Terms & Options: Building is included in the asking price of the business. Seller prefers to sell as a package
  • Competition: This business experiences a normal amount of competition in the bar, restaurant, and banquet hall spaces it serves.
  • 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.

Listing Contacts

Murphy Business of Southeast Minnesota -  Petersen
Listed by Murphy Business of Southeast Minnesota - Petersen

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$138,500.00
$11,541.67/mo

Valuation Metrics

0
DSCR
36.93%
Cap Rate
36.93%
ROI

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