Hospitality Services Corp.
Phone: 763-972-9077
Bar & Grill / Concert Venue just off I-35
- Listing Id: 7666
- Broker Name: Jerry Vlaminck
- Category: Restaurants
- Asking Price: $269,000.00
- EBITDA: $96,000.00
- Real Estate: $170,000.00
- Cash Flow: $92,628.00
- Inventory: $10,000.00
- No. Of Full-Time Employees: 3
- No. Of Part-Time Employees: N/A
- Gross Income: $231,000.00
- FF&E: $50,000.00
- Year Built: 1979
- Address: Click Here
- Zip Code: Click Here
- City: Sturgeon Lake
- State: MN
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- No. Of Stories: N/A
- No. Of Indoor Seating: N/A
- Inside Sq. Ft: N/A
- Available: Yes
Description
Owner retiring! Long established bar & grill / concert venue 40 miles south of Duluth, just off I-35 in Sturgeon Lake, MN. The Embassy Bar & Lounge promotes big names like George Jones, Pam Tillis, Diamond Rio, Dave Dudley, Ricky Van Shelton, Mike Schneider, and many other bands over the years. Now ready for a new owner to take the reins. Complete kitchen remodel done in 2010 at the cost of $100,000. Full kitchen can support any menu. Lots of room to expand patio / outdoor seating. Great traffic counts: over 3,000 VPD on Hwy. 61.
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