ORION REAL ESTATE

Main Offices: 630 1st Street South Waite Park, MN 56387 320-251-1177 Phone 320-251-1584 Fax

BUSINESS SUMMARY

LOCATION:  1721 E. Lake Street, Osakis, MN

TYPE: Family Dining/Pub & Grill on the Lake

FEATURES: On beautiful Lake Osakis, known for its great walleye and pan fishing. Summer docking, banquet room, catering services on site and off site.

LAND AREA: Approx. 35,000 sq ft

SIZE OF BUILDING:  Approx. 5500 Sq Ft built in 1970.

SEATING: Pub seats 80, Dining/Banquet Room seats additional 80 plus outside deck overlooking the lake.

HOURS: Summer 11am-2am 7 days/week; Winter 4pm-2am Tues-Sunday

LIVING QUARTERS: 1,500 sq ft 4 bedroom/2 bath living quarters above. Currently rented for additional income.

HVAC: Upgraded in 2007   UTILITIES: Private well and septic

GROSS INCOME: $315,290 (2007) plus $25,000 lodging income. 65% Food/35% liquor

EMPLOYEES: Summer 25-30; Winter 15-20

OTHER: Has widescreen TV, pulltabs, dart leagues, and pool tables. Also addl 900 sq ft bldg previously leased as a gift shop could provide addl income.

LIQUOR LICENSE:  $1,725     2008 REAL ESTATE TAXES: $10,208

ASKING PRICE:  $650,000      TERMS: Cash or Contract for Deed

COMMENTS:  This is a well known family dining destination in a popular lakes area. Menu features homemade soups, walleye dinners and prime rib. Great summer business from the lake access and area resorts.  Caters to family gatherings, events and banquets year round, onsite and offsite. Excellent opportunity for an ambitious owner/operator.  Will consider selling the business separately for $395,000. 

CALL GARY NORDSTROM TODAY FOR A PERSONAL SHOWING
 (320) 491-8630

 

Or Contact us via Email at  Coldwell Banker Commercial-Orion

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.