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For Sale Buffet Restaurant, Real Estate In Melrose, Stearns County, MN

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Contact: Mike Schmitt at 320-251-1177, 320-291-0045 - Log In To Message/Email This Contact
Last Revised: 10/1/19. Posting #: 10249122
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Key Words: cafe, buffet, melrose, stearns
Financial Info: Offered For Sale at $595,000. 2018 revenue was just under $900K, with solid six-figure cash flow. Offering includes Business, FF&E and Real Estate. Facility: 6,400 sq. ft. with seating capacity of 240. Land Area: 1.12 acres.
Profile: CBC Orion is pleased to offer for sale, Cornerstone Buffet & Restaurant - located off interstate 94 in Melrose, MN. Location is approximated 35 miles from Saint Cloud and 90 miles from Twin Cities.

Cornerstone has an excellent following in the community and has been steadily increasing year over year revenues since inception in 2012. 2018 revenue was just under $900K, with solid six-figure cash flow. Established website, strong social media presence and award-winning food make this a turnkey business opportunity.

Cornerstone operates out of a 6,400 sq. ft. facility, with seating capacity of 240 customers. Huge banquet sized kitchen area. Building sits on a one acre site with 75 parking stalls. Additionally, there is elevated signage which is visible to Interstate 94.

Minimal competition in the market. Additionally, the city of Melrose has recently experienced significant expansion with the addition of Jennie O Turkey Plant ($150M – employs 850 people), expansion of Centracare Health ($30M) and the new Saint Mary’s Church ($7M).

Special Features:
Well maintained and well equipped 6,400 sq. ft. facility built in 2012.
FF&E included.
Great manager and experienced staff in place.
Address: 223 Kraft Drive SE, Melrose, MN
Land Area: 1.12 acres
Size of Building: 6,400 sq. ft.
Age: Built in 2012.
Seating Capacity: 230
Parking: Large paved parking area for 75 vehicles.
Signage: Elevated signage visible to I-94.

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Contact: Russell Logan at 703-786-8783, 703-786-8783 (Cell)   Log In To Message/Email This Contributor
Profile: Sugaer is a strategic business advisory firm that helps business owners start and grow great businesses, and exit at maximum value. Our firm works with organizations across the business lifecycle, positioning them to prosper over the long term. Expertise in growth/value building, M&A, due diligence.
Key Words: russell logan, sugaer, business intermediary, mergers and acquisitions intermediary, due diligence, consultant, value building, bakery, cafe
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Contact: Peter Siegel, MBA at 925-701-8064 X313, 925-785-3118 (Cell)   Log In To Message/Email This Contributor
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
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Contact: Tony Calvacca at 866-449-6922, 516-319-2214 (Cell)   Log In To Message/Email This Contributor
Profile: Tony Calvacca is a Managing Partner and Principal of the NYBB Group and a Certified Business Intermediary (CBI) with the IBBA. Tony provides M&A and Business Brokerage services to business owners of privately held companies with annual revenues in the $5 million to $50 million range.
Key Words: tony calvacca, the nybb group, business broker, business intermediary, valuation, business valuation, consultant, bagel, cafe, gift, toy, novelty, suffolk
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Contact: Willard Michlin at 805-428-2063   Log In To Message/Email This Contributor
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
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Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy

Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: It is crucial to have buyers interested in purchasing a business sign a non-disclosure agreement before releasing any information to them about the business for sale. BizBenNetwork Senior Manager Jordan Green shares tips for qualifying buyers and implementing a successful non-disclosure agreement.
Key Words: nda, non-disclosure agreement, confidentiality agreement, non disclosure, non disclosure agreements, confidentiality, confidential information, buyer profile, business buyer, prospective buyer, buyer prospect, liability, legal issue, legal, jordan green
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Contributor: Peter Siegel, MBA at 925-701-8064 X313   Log In To Message/Email This Contributor
Profile: In this BBN Podcast Episode, Mike, a seasoned business buyer & BizBenNetwork member, discusses his recent search with BBN Facilitator Peter Siegel, MBA. In this online interview, he discusses his past experiences dealing with brokers and business sellers and offers helpful advice to fellow buyers.
Key Words: podcast, buyer, business buyer, mike, buying a business
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Contributor: Spencer Siegel at 925-701-8064 X315   Log In To Message/Email This Contributor
Profile: Underestimating the buying process for any business is a bad mistake to make, but it commonly happens with smaller, simpler businesses such as coffee shops. Conducting due diligence and a few other steps specific to coffee shops will help insure success. Spencer Siegel, BBN Facilitator Mgr explains.
Key Words: coffee, cafe, restaurant, due diligence, spencer siegel
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: Buying a business is no easy task. In fact, business buyers are faced with many questions before beginning their search for an existing business for sale. BizBenNetwork Senior Facilitator Manager Jordan Green gives helpful tips for prospective business buyers to start their search on the right foot.
Key Words: buying a business, business buyers, buyer, buyers, buying a small business, absentee, absentee run, pre-qualification, financing, loans, sba loans, deposits, business purchase financing, due diligence, jordan green
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Contributor: Joe Ranieri, Business Broker at - Log In To Message/Email This Contributor
Comments & Replies: 1   Topics: buying a business, due diligence
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Contributor: Peter Siegel, BBN Facilitator at - Log In To Message/Email This Contributor
Comments & Replies: 11   Topics: buying a business, deal structures, legal issues
Profile: Every day, I speak to business brokers and business owner/sellers, and I hear some pretty amazing stories about potential buyers of small to mid-sized businesses. I tend to ask them what traits they listen for to see if a potential buyer is serious and what traits or buyer actions are deal killers.
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Contributor: Tim Cunha, Broker, Specialist at - Log In To Message/Email This Contributor
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