This exceptional opportunity presents the chance to acquire a thriving restaurant and substantial real estate in Foley, Minnesota. Goodfellas Restaurant and Bar, a popular neighborhood establishment since 2006, boasts impressive 2023 revenue of $1.3 million. The sale includes the established business, all fixtures, furniture, and equipment (FF&E), existing inventory, and the underlying real estate. The 2,381 square foot building, originally constructed in 1920 and renovated in 2006, features a fully equipped commercial kitchen with a hood system, multiple ranges, fryers, flattops, ample walk-in coolers, dry storage, an office, and a dedicated prep area. Beyond the restaurant itself, the property encompasses a generous 1.5-acre lot, including four adjacent parcels. Exterior amenities include a large parking lot, a horseshoe pit, and an outdoor seating area, enhancing the property's appeal and functionality. Financial details are available to qualified buyers upon execution of a non-disclosure agreement (NDA). Showings are by appointment only, scheduled outside of regular business hours to minimize disruption. The asking price for this turnkey operation is $650,000. This represents a compelling investment opportunity for owner-users seeking a profitable, established business with significant real estate holdings. The property is zoned commercial.
Highlights
$650,000 asking price for this established restaurant business and real estate.
2,381 square foot restaurant building on a 1.5-acre lot in Foley, MN.
Includes all FF&E, inventory, and real estate; 2023 revenue of $1.3M.
Building renovated in 2006; features a full commercial kitchen, ample storage, and outdoor seating.
Commercial zoning; For sale by owner; Broker co-op available.
Retail property - Established Restaurant, 1.5 Acres
Where is the retail property located?
The property is located at 14351 78Th St Foley, MN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: $650,000 asking price for this established restaurant business and real estate.; 2,381 square foot restaurant building on a 1.5-acre lot in Foley, MN.; Includes all FF&E, inventory, and real estate; 2023 revenue of $1.3M.
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Contacts
Christian Peterson
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78Th St Foley, MN 56329
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78Th St Foley, MN 56329
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14351 78Th St
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