$600,000
924 Business 52 E
Harvey, ND 58341
MLS# 3323600
Status: Closed
21600 sqft


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Property Description
Restaurant, Bowling Alley, Bar & Grill successfully operated since 1988. The well established customer base insures the stability of the business and its integrity generates consistent sales and profits. There are two restaurant areas, one for the cafe and the other for more formal dining. There are also two banquet rooms that are frequently used for business meetings, private parties, wedding receptions, and many more events which adds to the already reliable revenue stream. The 8 lane bowling alley and Bar & Grill are an ideal combination of family entertainment and adult relaxation. The multiple revenue streams feed each other and that is the key to the success of any business. It has a substantial market share in it's trade area and the potential to increase the customer base, sales, and profits is very good. Seller will stay on and work with the new owner during the learning transition period and will be available after that on an as needed basis.

Details
Maps
Contract Information
Sold Price: $600,000
Current Price: $600,000
List Price/SqFt: 30.09
Sold Price/SqFt: 27.78
Date Listed: 2014-06-10
Price Type: Sale Only
Remarks
Directions: Hwy 52 business, JW Restaurant will be on your left.
Public Remarks: Restaurant, Bowling Alley, Bar & Grill successfully operated since 1988. The well established customer base insures the stability of the business and its integrity generates consistent sales and profits. There are two restaurant areas, one for the cafe and the other for more formal dining. There are also two banquet rooms that are frequently used for business meetings, private parties, wedding receptions, and many more events which adds to the already reliable revenue stream. The 8 lane bowling alley and Bar & Grill are an ideal combination of family entertainment and adult relaxation. The multiple revenue streams feed each other and that is the key to the success of any business. It has a substantial market share in it's trade area and the potential to increase the customer base, sales, and profits is very good. Seller will stay on and work with the new owner during the learning transition period and will be available after that on an as needed basis.
Location
Street Number: 924
Street Name: Business 52
Street Direction Sfx: E
Area: Outlying Towns
Sub Area: Outlying Towns NE
State: ND
Zip Code: 58341
County: Wells
General Property Information
Sub Type Details: Business and Building
Year Built: 1961
Finished Above Grade SqFt: 21600
Total Finished SqFt: 21600
Status Change Info
Status: Closed
Under Contract Date: 2014-12-08
Sold Date: 2015-04-17
Sold Price: $600,000
Property Features
Business Type: Bar/Tavern/Lounge; Restaurant; Other
Building Info: Drapes/Blinds Included; High Traffic Location; High Visibility; Overhead Doors
Cooling: Central Air
Heating: Boiler; Forced Air; Hot Water; Propane
Construction Materials: Frame; Steel Siding; Wood Siding
Roof: Metal
Flooring: Carpet; Laminate; Tile; Vinyl; Wood
Basement: None
Electric: 440 Volts; Circuit Breakers; Three Phase
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Available; Trash Pickup - Public
Fee Includes: See Remarks
Parking Features: Guest
Documents Available: Abstract; Lead Paint; Property Condition Stmt

Listing Office: Better Homes and Gardens Real Estate Alliance Group

Last Updated: September - 06 - 2024

Information deemed reliable but not guaranteed.