43869 Fort Thunder Road, Perham, MN 56573

Perham, MN

Business for Sale - $425,000 - 2,832 Sq. Ft. on 0.5 acres


Agent Info

Lyle Rasmussen

Property Info

CIMLS#1105166
Location
  43869 Fort Thunder Road, Perham, MN 56573
  Perham MN 56573
UpdatedOctober 18th, 2021
TypeBusiness
Price$425,000
Building2,832 Sq. Ft.
Land0.5 acres

Contact


Property Description

Great Opportunity to own established restaurant w/reputation for great food, amazing breakfasts, lunch and friendly service. Easy access in Perham, MN off Hwy 10 by Truck Stop, motel & lakes. Now is the time to own & operate your own business. 29 Yrs in business. Steady income Open limited hours 7-2, 6 days a week, - room for you to expand hours and income. Currently 12% cap rate.

This property is located in Perham. The area around the property has 6,247 residents where 48.4% are male and 51.6% are female. Approximately 19.5% of residents have attained four-year degrees beyond high school education. 67.4% of residents in the area around the property are employed and earn an income with median of $58,851 and mean of $76,831.


Financials

Financials are available after signing a confidentiality agreement.

Business doing well and has an estimated 12% Cap rate

The current owner-operator closes every Tuesday. If the restaurant was open Tuesdays it would generate an additional Gross income of $52,000 per year