Bar, Restaurant, Real Estate, Lakeshore & Owner Financing at 5% Int.

Asking Price$1,995,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$1,000,000

Inventory$30,000
Not included in asking price
FF&ENot Disclosed

Real Estate$1,400,000
Included in asking price
Patio Expansion
New Remodel
Patio Area
New Remodel
Patio Expansion
Save1/6

Bar, Restaurant, Real Estate, Lakeshore & Owner Financing at 5% Int.


Asking Price$1,995,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$1,000,000

Inventory$30,000
Not included in asking price
FF&ENot Disclosed

Real Estate$1,400,000
Included in asking price

Seller Financing Available
Business Description
Established lakefront restaurant and bar offering exceptional dining, entertainment, and hospitality services in the scenic Glenwood, Minnesota market. This profitable operation has served the community since 1950, combining restaurant dining, full-service bar, gambling entertainment, and unique houseboat accommodations on 1.8 acres of prime lakeshore property.

The business features 300-seat capacity across multiple dining areas, including outdoor patio seating with pergola and newly remodeled patio and bar areas. The 8,476 square foot facility has undergone significant improvements since 2014, enhancing both customer experience and operational efficiency. Services include full restaurant operations, bar service, off-sale liquor, gambling entertainment, special events hosting, and distinctive houseboat rentals that capitalize on the waterfront location.

With over 20 employees supporting year-round operations, the business demonstrates strong market presence in Pope County's tourism and hospitality sector. The lakefront setting provides natural competitive advantages, attracting both local patrons and seasonal visitors seeking dining and entertainment options with waterfront views.

The real estate is valued at $1,400,000, encompassing the substantial commercial building and prime lakefront acreage. Extensive recent improvements include new patio construction and comprehensive bar remodeling, positioning the business for continued growth.

The current owner, balancing full-time employment and family responsibilities, seeks to transition this well-established operation to new ownership. Comprehensive post-sale support will be provided to ensure smooth ownership transition and continued success.

Attractive financing available with 10-20% down payment plus inventory, with the remaining balance financed at a competitive 5% interest rate, making this premium lakefront hospitality business accessible to qualified buyers seeking established cash flow and growth potential in Minnesota's recreational market.
About the Business
Years in Operation
75
Employees
20
Facilities & Assets
Purchase will include things like newer Enclosed 24x52 porch, Expanded Bar Area, Pergola w/Paver Foundation, Patio Bar, Well, Large Dock System, Land is 1.8 +/- acres on Lake Minnewaska, 600+/- feet of lakeshore and roughly 8,476 sf building. 2025 Tax Value is $1,216,000 and seating for over 300. Established Sales, Gambling Proceeds, Booked Reservations, Houseboat, Kitchen Equipment, Bar Equipment, Ice Machines, Toast POS, Security Systems, Fixtures, Furnishings, etc.
Website
https://www.captainsbg.com
Market Outlook / Competition
o Multiple revenue areas such as Bar & Restaurant (roughly $1M in Sales and should easily be between $1.5M & $2M), Off Sale ($50k and room for a lot more), Gambling ($65k-$70k a year (Pull Tabs, E-Tabs, BINGO, Meat Raffle & Horse Racing), Houseboat Cruises ($50k & $60k a year), Events & Catering, etc.
o 600’ +/- feet on Lake Minnewaska, and the building is 8,476 square feet
o Over 70 years of business
o SELLER FINANCING for a qualified buyer. The current owner is willing to finance the balance, after the down payment, at 5% interest
Opportunities for Growth
Growth Opportunities - Add a Fuel Station for Boaters, ATVs, Fish House Customers, etc. Also opportunities to increase Events, Catering, Off Sale, Food and Alcohol Sales Numbers along with cutting Cost & Waste. I do about 70-80 Boat Cruises a year with Food & Drinks served on the boat (Roughly $50k-$60k). Have Gambling Income of about $65-$70k (Bingo, Meat Raffle, Pull Tabs, E-Tabs, Etc.)
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
8,476
About the Sale
Seller Motivation
Its grown to be too much for me with other commitments I have.
Transition Support
I will help the new owners out as much as I can or they want to ensure their success.
Financing Options
10-20% Down + Inventory and will finance the rest at 5% interest up to 10 Years
Listing Info
ID
2397660
Listing Views
635
Attached DocumentsAttachment Disclaimer

Ken Sell Brochure 1,995,000 8.2025.pdf

Business Location

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Business Listed by: Ken Moe

Listing ID: 2397660 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.