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Goodfella's Bar & Grill 14351 NE 78th St

1,911 SF Retail Building Foley, MN 56329 $650,000 ($340/SF)

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Investment Highlights

Popular restaurant in business since 2006
700+ reviews on Google

$1.3M in revenue in 2023

Executive Summary

This is your opportunity to own the Goodfellas Bar & Grill, a popular East Central Minnesota restaurant located just outside of Foley, MN. The restaurant has been a popular neighborhood hangout since 2006. Revenue in 2023 was over $1.3M, and has steadlily increased over the past several years. This offering includes the restaurant business, FF&E, inventory, and real estate. The restaurant building is a 2834 sq ft structure built in 1920, and renovated in 2006. The building includes a full commercial kitchen with hood, multiple ranges, friers, flattops, multiple walk-in coolers, dry storage, office, and prep area. The property exterior features a large parking lot, horseshoe pit, and outside seating area. Also included in the sale are 4 neighboring PIDs totalling 1.5 acres.

Marketing Brochure - Goodfellas Restaurant

Property Facts

Sale Type

Investment or Owner User

Sale Conditions

1031 Exchange

Property Type

Retail

Property Subtype

Restaurant

Building Size

1,911 SF

Building Class

Year Built/Renovated

1950/2006

Price

$650,000

Price Per SF

$340

Business Value

$300,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.08

Lot Size

0.58 AC

Amenities

Air Conditioning

Smoke Detector

About 14351 NE 78th St , Foley, MN 56329

The restaurant building is a 2834 sq ft structure built in 1920, and renovated in 2006. The building includes a full commercial kitchen with hood, multiple ranges, friers, flattops, multiple walk-in coolers, dry storage, office, and prep area. The property exterior features a large parking lot, horseshoe pit, and outside seating area. Also included in the sale are 4 neighboring PIDs totalling 1.5 acres.

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