209 2nd St Bovey, MN 55709

Listing details for 209 2nd St, Bovey, MN 55709 : Exceptional Turnkey Bar & Entertainment Business with Income-Producing Apartments An exceptional commercial turnkey opportunity! Following the forfeiture of a previous contract for deed, the sellers have repossessed the property and completed extensive cosmetic and operational upgrades throughout the establishment. Community support has been overwhelming, with patrons welcoming the owners back and contributing to a substantial increase in daily revenue. Business & Revenue Highlights Established Entertainment Destination: Successfully hosts weekly dart and pool tournaments, live band performances, birthday parties, and baby showers. The business also plans to introduce meat raffles and bingo events, creating additional opportunities to attract patrons, increase traffic, and grow revenue. Multiple Revenue Streams: In addition to food and beverage sales, the establishment offers pull tabs and electronic pull tabs (e-tabs) to its patrons, providing an additional source of business income and enhancing the overall entertainment experience. Food & Beverage Operations: Currently serving pizza and light food items, with significant potential to expand the menu and increase sales. Value-Add Kitchen Opportunity: Features a designated kitchen area currently plumbed with a sink, offering excellent potential for expanded food service. Buyers interested in developing a more extensive menu are encouraged to consult local city and health officials regarding licensing, equipment, and layout requirements for commercial food preparation. This space offers an opportunity to tailor food service to a buyer’s vision. Immediate Rental Income: Includes two fully leased, income-producing residential apartments on-site, providing an additional revenue stream alongside the bar and entertainment business. Growth Potential: With established community support, multiple entertainment offerings, food and beverage sales, pull-tab and e-tab income, and residential rental revenue, this property presents an exciting opportunity for an owner-operator or investor to build on an established business and explore additional revenue opportunities.