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June 24, 2019

Business For Sale in Two Harbors, Minnesota


Property # 1178488 Available $1,750,000.00






Gift area

dinning

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   Business Information

Business CategoryRestaurant
Other Businessn.a.
Business NameRustic Inn Cafe & Gift Shop
Property Address 12773 Highway 61
Property Address 2n.a.
Property Town/CityTwo Harbors
Property CountyLake
Property StateMinnesota
Property ZIP/Postal Code 55616
MLS #n.a.
Section/Block/Lotn.a.
Zoningn.a.
Building Sq. Ft.5,500
Lot Size Acres7
Lot Frontage Ft.n.a.
Lot Depth Ft.n.a.
No. Parking Spacesn.a.
Year Established1925
Business Description Beautiful high volume restaurant & gift shop on the North Shore of Lake Superior with 4000 sq ft restaurant seating approximately 100 & 1500 sq ft gift shop, plus wholesale pies.
Property Description 5500 sq foot building. 7 acres of land
Area DescriptionLocated next to government land and on the snowmobile trail with very good exposure on 7 acres and 700 feet of highway frontage.


   Financial Information

Sales Price $$1,750,000.00
Gross Revenue $$1,100,000.00
Total Expenses $n.a.
Taxes $n.a.
Net Operating Income $$295,000.00
Cap Rate0.00%
Year Ending2017
Lease Endsn.a.
Financing/Termscash sale

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