Last Revised: 10/1/19. Posting #: 10249122
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).
Well maintained and well equipped 6,400 sq. ft. facility built in 2012.
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.
Professional Resources & Contacts To Help You Close Your Deal!
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
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
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
View All Related Resources & Advisors For This Posting
Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: Successfully buying a business is a difficult and time intensive task for business buyers. Now, imagine trying to buy a business that has many interested buyers. BizBenNetwork Senior Facilitator Manager Jordan Green gives buyers helpful advice for overcoming their competition and buying a business.
Key Words: jordan green, deal structure, purchase agreement, deal terms, buyer, business buyer, financing, post-deal terms, negotiating, transaction, buy a business, negotiator, negotiate, pre-qualified, transition
Profile: When the time comes to sell your business, having a team of experienced professionals to represent you can make all the difference in the world as you work to successfully complete a business transaction. Jordan Green shares tips for hiring your most important professional, a business broker.
Key Words: selling a business, sellers, brokers, business brokers, seller representation, jordan green
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
View Related Blog Posts For This Posting
Profile: Business buyers must use extreme caution when seeking online businesses for sale. In this BizBenNetwork blog, BBN Senior Facilitator Manager Jordan Green explains the major red flags that buyers should look for when examining online business opportunities and existing online businesses for sale.
Key Words: buyers, buying a business, finding a business, searching for a business, online businesses, business opportunities, scams, jordan green
Related Discussions For This Posting
Comments & Replies: 1 Topics: buying a business, due diligence
Profile: It's no secret that both small and large restaurant purchases are sometimes tricky to pull off & can be difficult to determine if a deal is a good one to move forward with. BizBenNetwork Members weigh in with critical investigative components & tips of buying a restaurant in the due diligence phase.
Key Words: restaurant, restaurants, due diligence, joe ranieri, cafe, deli, bar, bars, fast food, coffee, sandwich, poke, mexican, asian, cafes, delis
Comments & Replies: 14 Topics: for sale by owner, landlords, selling a business
Profile: While there may be exceptions, I believe the best practice is to let the land owner know about your plans to sell the business - meaning a new tenant for him or her - before you begin marketing the company for sale. There are two schools of thought on this important question. BBN Members weigh in.
Key Words: landlord, landlords, lease, leases, leasing
View All Discussions
Comments & Replies: 10 Topics: broker cooperation, business brokers, buying a business, for sale by owner, pocket listings, selling a business
Profile: What percentage of businesses for sale that are advertised and/or sold are pocket listings? What is the best way to find out about pocket listings? Are they advertised? Are they a big part of the businesses sold marketplace? In this Discussion on BBN multiple brokers, agents, BBN Members weigh in.
Key Words: pocket listings, open listings, pocket listing, peter siegel mba