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Asking Price$369,000
Revenue$485,000 Established1972
Cash Flow$150,000 Employees7 part-time
FF&E$100,000* FranchiseNo
Inventory$18,000 RelocatableNo
Real Estate$200,100* Home-basedNo
* Included in Asking Price
The Rusty Nail has been a mainstay watering hole in Thief River Falls (TRF) for over 29 years.  Current owners are looking to retire.  Located 1 hour east of Grand Forks, ND.  The purchase will include business/goodwill, real estate and equipment.  The Rusty Nail is known most for its bar nightlife, great drink specials for its patrons and short-order food menu.  It has the opportunity to grow an amazing breakfast, lunch, and dinner menu.    Big manufacturing companies surround the area.  Amenities include: full sized kitchen and bar, stage/dance floor and basement (used for office and storage).  
- Surrounding Activities: Hunting, Fishing, ATV and Snowmobile
- Big Manufacturers: Arctic Cat, Digi-Key and Forsberg Inc.
- $600/month additional income from salon
- 2013 population 8,716 and 8,600 VPD
- Pull tabs 13 boxes.  Stage/DJ equipment available, but not being utilized.
Facilities:Building size 7,500 sq. ft., taxes $5,500.00.
Competition:Some competition, but the Rusty Nail is a mainstay in TRF and has been established since 1972. Market outlook is great! There is opportunity to make more money at this already profitable business. Located in the busiest part of downtown TRF.
Growth Potential:This bar needs a new operator to push food sales and grow the breakfast/lunch/dinner food menu. The business is a bit outdated, some new improvements (i.e. flooring, paint and decor) could really help drive the food biz.
Seller Financing:Cash or terms acceptable to seller.
Sale Reason:Retirement.
Ad #78103
Seller Reference #1234638
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Contact This Seller
Jerry Vlaminck
Hospitality Services Corp.
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