Ever dreamed of owning a restaurant and bar in a friendly, small town? Bailey’s Restaurant & Bar in Ormsby, Minnesota has an excellent history of outstanding food and service. Customers drive from within a 30 mile radius for famous dinner specials such as “All You Can Eat Fish”, “BBQ Rib and Prime Rib Nights” and their newly added “Sunday Breakfast Buffet”. Approximately 80% of revenue is from food sales while the remaining 20% is from bar and off-sale revenue. Revenue and net income have steadily increased over the years including a 37% increase in revenue from 2020 to 2021 and a 65% increase in owner net cash flow. 2021 had the highest sales for the establishment's 20+ year history.
You must visit this establishment to appreciate the charm of the 100 plus year old building featuring an antique Brunswick Bar. Seating for 80 guests with room to add additional outdoor seating on the extra lot. Bailey’s currently operates with 6 part time bar/wait staff, 1 part time cook and a manager that does it all – scheduling, food and beverage ordering, cook and provided bar and wait staff service. Owner’s role is cooking several nights per week and is open to staying on until new owner trained or new cook is hired.
Price includes real estate, all business assets, equipment, furniture, and liquor license for bar and off-sale. Inventory to be negotiated at time of sale. Seller is open to discussing financing arrangements.
SBA pre-approved loan for qualified buyers.
This business is located along the Main Street in Ormsby, MN. Location is about 45 miles southwest of Mankato, 12 miles south of St. James and 25 miles northwest of Fairmont.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.