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LOCATION:
Crossroads Center, St. Cloud, MN. http://www.crossroadscenter.com/
SPECIAL
FEATURES: Only
liquor/food facility in the mall. Much of the equipment has
been recently
replaced and the facility is in like new condition throughout. High
traffic
location and parking at the front door. SIZE
OF SPACE:
4100 sf +/- SEATING
CAPACITY: 150 HOURS
OF
OPERATION: 11:00 AM - 9:00 PM Monday
–Thursday. 11:00 AM - 10:00 PM
Friday & Saturday. 11:00 AM - 9:00 PM on Sunday. EMPLOYEES:
40 Part
time and 2 Fulltime. AVERAGE
DAILY TRAFFIC:
Division Street 32,500 (2007) LEASE:
Current
lease expires 12/31/2011. The mall is anxious to negotiate
the terms of a
new lease with a new owner. GROSS
INCOME:
$1,025,850 (2009) $1,292,914 (2008)
$1,426,419 (2007)
TERMS: Cash or possible owner financing to qualified buyer |
Comments: This is an attractive bar and grill located in a large regional mall one hour from Minneapolis. Has outside entrance next to the main entrance to the mall as well as an interior mall entrance. Has been operated successfully for the past 13 years by an absentee owner that owns a large chain of restaurants. Currently operated under the trade name Grizzly’s Burger Company, but new owner needs to change the name. Other business interests prompts the sale. Popular location for watching sporting events on numerous flat screen TVs. Needs knowledgeable and ambitious owner/operator to realize its full potential. Tremendous opportunity for the right person. Letter of Confidentiality required to receive financial information. |
 ORION REAL ESTATE | CONTACT INFORMATION Mike Schmitt 320-251-1177 mike@cbcorion.com |
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