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October 20, 2018

Business For Sale in Ely, Minnesota

Property # 1178189 Available $595,000.00

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   Business Information

Business CategoryRestaurant
Other Businessn.a.
Business NameBoathouse Brewery
Property Address 147 Sheridan St
Property Address 2n.a.
Property Town/CityEly
Property CountySaint Louis
Property StateMinnesota
Property ZIP/Postal Code 55731
MLS #n.a.
Building Sq. Ft.5,700
Lot Size Sq. Ft.15,000
Lot Frontage Ft.n.a.
Lot Depth Ft.n.a.
No. Parking Spacesn.a.
Year Established1936
Business Description Ely Minnesota brewpub/restaurant. The business income consists of 60% restaurant, and 40% beer/liquor sales. Seats 119 in 5700 square feet on 15,000 sq ft lot with parking. High volume restaurant/brewery at a great location with real estate included.
Property Description 15000 sq ft lot, with Parking. State of the art brewing and kitchen equipment. New in 2007
Area DescriptionEly- Tourism area of Minnesota. Entry point for Boundary Waters Canoe Area.

   Financial Information

Sales Price $$595,000.00
Gross Revenue $$1,000,000.00
Total Expenses $n.a.
Taxes $n.a.
Net Operating Income $$700,000.00
Cap Rate0.00%
Year Ending2015
Lease Endsn.a.
Financing/Termscash sale

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