EXCEPTIONAL VALUE - Opp. to expand biz in ND Farmtown
The Stables Restaurant open Mon.-Sat. 5pm to 9pm
| Start Price |
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| Current Price |
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| Time Left |
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| Bid Count |
0 |
| Buy It Now Price |
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| Reserve Price |
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| Start Time |
Sunday, July 13, 2008 |
| End Time |
Tuesday, August 12, 2008 |
| Location |
Langdon, ND |
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Description
Reason for Sale: Original Owners Need to Retire for Medical Reasons - Sale includes land, building and equipment/assets Well-established, family owned restaurant located within Renaissance Zone - major tax incentives for new ownership Ideal transition during summer & fall months - Owners willing to train and stay on for successful transition Restaurant currently operates Monday - Saturday 5:00pm-9:00pm (300 days per year) EXCELLENT opportunity to expand business by offering: Sunday Brunch Breakfast Menu Daily Lunch Specials Catering Numerous investments have been made in the building, parking lot and equipment in recent years to make this property "move in ready" for new ownership. This business is in excellent condition and is a remarkable value that you will unlikely find anywhere else. It is priced to sell as the owner has had recent, major health concerns and is serious about retirement. Please contact us only if you are a serious prospect willing to pay cash or able to make a significant down payment prior to financing. _____________________________________________________________________________________________________________________________________________________________________________ Location: Langdon, ND This community has a very low cost of living and is an economical location to raise a family or live through retirement. Northeast North Dakota 17 miles south of Canadian border and 60 miles west of Minnesota border Positioned on Hwy 5 and ½ mile from intersection of Hwy 1 120 miles from Grand Forks, ND 120 miles from Winnipeg, MB Restaurant Specs: Lot =1.5 acres Building = 100 x 58 feet (sell price includes land/building/equipment) Large parking lot for special occassion events and multiple group reservations. 2nd Floor = 40 x100 feet (unfinished/insulated storage) Consider opportunity to construct owner living quarters, overnight guest accomodations, or other business expansion possibilities. Kitchen – sizeable & meticulously CLEAN!! Two dining rooms, banquet room for larger parties, Business office, salad bar room, two bathrooms Freshly painted pantry/storage room, walk-in cooler, wood burning fireplace, video game area, two bar counters Overview: The Stables Restaurant is well-established with a loyal customer base within local community and surrounding area. It offers a superior menu with a semi-formal to casual dining experience. Food ranges from American to Mexican to Seafood. Menu favorites are: flavorful prime rib, pork ribs with homemade secret sauce, unmatched pizzas, homemade hot sauce coupled with chips and cheese, among others. The Stables has second to none original recipes, veteran cooks, seasoned staff, and excellent customer service. It boasts one of the best salad bar offerings in the region: fresh salad with numerous toppings, daily homemade vegetable salads and sweet salads, rolls and homemade soup. The building was built 34 years ago with the look and feel of a country barn. Décor is fashioned from vintage rural farm equipment and prized antiques which connect well with clientele. Seasonal decorations make this restaurant a true family experience during the holidays. The Stables hosts corporate and family holiday parties, weddings, groom’s dinners, reunions, anniversaries, business meetings, and school functions (academic, athletic and music banquets). This restaurant is the prefered and recommended dining room in the area for special occassion gatherings for both businesses and families. The Stables Restaurant is well known in northeast ND and is a favorite dining destination for surrounding communities as well. Quick Facts: Built 34 years go by current/original owner Langdon, ND is county seat of Cavalier County 17 miles from Canadian border; strong Canadian customer base Situated in farming community, population of 2,000 Great deer, duck and goose hunting in area attracts numerous out-of-state hunters Fall/winter hunters came from 11 states in 2006 Excellent, loyal and hard working employees Seating up to 220 people, licensed for 225 guests On-sale liquor license Equipment: NEW! Six burner gas stove (all stainless steel) –new in 2004 NEW! Model 1800 broaster –new in 2004 NEW! Ansul system –new in 2005 NEW! Metal roof- new in 2004 Four chest freezers Sears upright freezer Gibson upright freezer GE refrigerator & top freezer Merco warmer, two door, Hobart fryer, auto lift GE two basket fryer Vulcan char broiler Hobart grill Vulcan pizza oven HT 25 dishwasher Two Hobart mixers, 3 speed, model A200T Hobart slicer Manitouac ice machine, double deck, 400 series Two furnaces Two air conditioners, one A/C top Two hot water heaters Colborne pizza roller Steam tables, 3 hole & 4 hole Three microwaves Coffee maker, 5 pot, Bunn, Fresh air makeup w/air conditioner
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