The Landing
Business Description
The Landing is a well-established restaurant and bar strategically positioned on the scenic shores of Lake Vermilion in Cook, Minnesota. This iconic establishment has built a loyal customer base and strong reputation in the community.
BUSINESS OVERVIEW:
This turnkey operation includes a 2,626 square foot building situated on prime lakefront real estate valued at $600,000. The property and inventory are included in the sale, providing immediate operational capability. The business employs 20 staff members and is currently operated by an absentee owner, demonstrating strong management systems and operational independence.
LOCATION ADVANTAGES:
The Landing enjoys an exceptional location as one of only five restaurants on the entire 40-mile length of Lake Vermilion, which features 365 islands. Uniquely positioned as the sole restaurant on the west end of the lake, the business benefits from minimal direct competition. Located just 15 minutes from Cook via paved road, the establishment is easily accessible to both locals and tourists visiting this premier recreational destination.
OPERATIONAL STRENGTHS:
With 20 employees supporting operations, the business demonstrates substantial scale and established systems. The absentee ownership model proves the business can operate successfully with proper management structure in place.
GROWTH POTENTIAL:
Significant opportunities exist for expansion through menu diversification and event hosting. The scenic lakefront setting, established customer base, and existing staff infrastructure provide an ideal platform for developing additional revenue streams and maximizing the property's tourism potential.
FINANCING & SUPPORT:
Multiple financing options available including cash, conventional lending, and SBA financing. Current owner will provide initial training as requested to ensure smooth transition.
This represents a rare opportunity to acquire a legendary Lake Vermilion establishment with strong operational fundamentals, prime location, and substantial growth potential in Minnesota's thriving recreational tourism market.
BUSINESS OVERVIEW:
This turnkey operation includes a 2,626 square foot building situated on prime lakefront real estate valued at $600,000. The property and inventory are included in the sale, providing immediate operational capability. The business employs 20 staff members and is currently operated by an absentee owner, demonstrating strong management systems and operational independence.
LOCATION ADVANTAGES:
The Landing enjoys an exceptional location as one of only five restaurants on the entire 40-mile length of Lake Vermilion, which features 365 islands. Uniquely positioned as the sole restaurant on the west end of the lake, the business benefits from minimal direct competition. Located just 15 minutes from Cook via paved road, the establishment is easily accessible to both locals and tourists visiting this premier recreational destination.
OPERATIONAL STRENGTHS:
With 20 employees supporting operations, the business demonstrates substantial scale and established systems. The absentee ownership model proves the business can operate successfully with proper management structure in place.
GROWTH POTENTIAL:
Significant opportunities exist for expansion through menu diversification and event hosting. The scenic lakefront setting, established customer base, and existing staff infrastructure provide an ideal platform for developing additional revenue streams and maximizing the property's tourism potential.
FINANCING & SUPPORT:
Multiple financing options available including cash, conventional lending, and SBA financing. Current owner will provide initial training as requested to ensure smooth transition.
This represents a rare opportunity to acquire a legendary Lake Vermilion establishment with strong operational fundamentals, prime location, and substantial growth potential in Minnesota's thriving recreational tourism market.
About the Business
- Employees
- 20
- Facilities & Assets
- A popular hotspot! High-traffic restaurant & bar.Turnkey operation built for volume & customer satisfaction, smart systems in place. Multiple revenue streams & expansive seating options, includes Indoor restaurant/bar 2,600 SF, Outdoor patio 1,440 SF, Lake-side bar 400 SF, Outdoor deck 972 SF, 36 boat slips. Easy access to the snowmobile trails! On/off-sale liquor, Glycol chilled beer system w/8 taps inside/outside. Opportunity for restaurateurs or investors looking for a thriving business in a destination location. Accessed by boat, sled, or road
- Website
- https://thelanding.onlakevermilion.com/
- Market Outlook / Competition
- Prime location on Lake Vermilion. Only 15 minutes from Cook on a paved road. Lake Vermilion is 40 miles long with 365 islands. Only 4 other restaurants on the lake and The Landing is the only restaurant on the west end. Well established and well known.
- Opportunities for Growth
- Potential growth! Menu options, events
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 2,626
About the Sale
- Seller Motivation
- Personal reasons
- Transition Support
- Initial training as requested.
- Financing Options
- Cash, Conventional, SBA
Listing Info
- ID
- 2386550
- Listing Views
- 1075
Business Location
Listing ID: 2386550 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.
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