Betty Danger's Country Club in Northeast Minneapolis is set to go on the market this week, with a list price of $5.2 million.
Owner Leslie Bock told BMTN in May that she decided to sell the country club-themed restaurant because the restaurant's business model is not "pandemic friendly ... at all."
Betty Danger's, at 2501 Marshall St. NE, is currently open and is ready for a buyer to step in and start a new business.
"For us, it's just such a unique sale in that its a restaurant and a bar, but to a lot of people its an attraction as well," Pete LaCoursiere of the Obsidian Group, which is listing the property, told BMTN on Monday. "You're buying into an inclusive package which includes this entertainment – mini golf, and Ferris wheel ride, things of that nature, and where else can you do that?"
The list price of $5.2 million includes the real estate and the business – so that includes the Ferris wheel.
Obsidian Group, a real estate brokerage, is partnering with Calhoun Companies, a business broker, to sell the property and the business, Daniel Kurkowski of the Obsidian Group told BMTN. The partnership allows the brokers to put together "the best package and present it in the most effective way," LaCoursiere said.
The coronavirus pandemic might not seem to be the best time to buy a restaurant that makes money off of people eating and drinking together, but LaCoursiere said they envision a buyer with a long-term vision for the property, and in five years the pandemic will just be a footnote in the story.
The property, even though it hasn't officially gone on the market, has gotten quite a bit of attention, with Obsidian Group saying they spoke with someone who expressed interest in the property on Monday afternoon.