For Sale
$650,000

14351 78Th St Foley, MN 56329

Established Restaurant, 1.5 Acres

Overview

Added:
Dec 11, 2024
Days on market:
132
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.

Property Details for 14351 78Th St

Property type
Retail properties, Restaurants
Square Feet
2,381 SF
Year Renovated
2006
Buildings
1
Stories
1
Lot Size (sq. ft)
65,340 SF
Units
1

Location Insight

City
Foley
County
Benton
State
Minnesota
Latitude
45.6816067
Longitude
-93.8665066

FAQs

What type of property is this?
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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
14351 78Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message