Offering Memorandum Johnny Baby’s Bar - St. Paul, MN Presented By Lukas D. Flood - eXp Realty 

 

 

Asking Price  $750,000  Valuation based on land and building value + ANOI for year of 2016 & YTD 2017. 

Introduction 

Johnny Baby’s is located in Saint Paul, MN on a corner lot at the intersections of University 

ave. and Chatsworth st. The current owners have operated this business for 13 years and 

have enjoyed success and the community during their tenure. As they look forward to 

retirement, they hope to see their established business continue to be a staple of the 

community.  

 

  

Johnny Baby’s Bar - St. Paul, MN  

Property  981 University ave. St. Paul, MN 55104 

Parcel ID  35-29-23-23-0200 

Lot Size  14,810 (sq ft) - (.34 acres) 

Zoning  Commercial 

Year Built  1916 

Building Size  5,376 (sq ft) 

Heating  Gas / Radiant 

Water/Sewer  Municipal water and sewer 

Taxes  $16,198 (2016) 

Tax ID  8240037 

Land Value   $450,000 

Exterior  Stucco/ asphalt 

Parking  +/- 24 parking spots 

Restrooms  2 client / 1 private - staff 

Front of building faces University ave. and Metro transit Light Rail. Location offers great exposure to daily traffic.  

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Johnny Baby’s Bar - St. Paul, MN  

Financial Summary Revenue   

Bar/ Beverage sales  $721,661.82 

ATM/Vending  $10,624.95 

Pull Tabs  $24,776.60 

Door Sales  $37,952.00 

Food Sales  $3,103.50 

Total Revenue  $798,073.87 

Expenses   

COGS  $239,338.77 

Employee wages  $50,262.00 

Taxes/Licenses  $121,584.00 

Security  $98,982.00 

Entertainment  $37,850.00 

Utilities  $20,597.00 

Insurance  $20,284.00 

Outside services  $20,308.00 

Advertising  $1,875.00 

Repairs/Maintenance  $18,647.00 

Total Expenses  $650,035.77 

   

ANOI  $148,038.10 

Financial information was taken from 2016 tax returns.  

Information deemed reliable but not guaranteed. 

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Johnny Baby’s Bar - St. Paul, MN  

Business Summary 

Johnny Baby’s hours of operation are 3 pm - 2 am Mon.-Sun. The business has been 

operating for 13 years in its current location and has experienced growth after recent 

University Ave. improvements. Owners have maintained the property in excellent 

condition. Recent capital improvements include: 

● Stucco / roof repairs 

● New sewer 

● Resurfaced parking lot with space reserved for outdoor seating 

● New outdoor siting/smoking area 

 

 

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Johnny Baby’s Bar - St. Paul, MN  

Business Summary Cont. 

In addition to exterior improvements, the current owners have worked hard to keep the 

interior clean and up-to-date. Some of the interior improvements include: 

● New poured epoxy bar top 

● New TVs 

● New video surveillance system 

● Recently new water heater 

● Recently new Point of Sale system  

 

 

 

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Johnny Baby’s Bar - St. Paul, MN  

Opportunity to expand 

Johnny Baby’s is not currently using the commercial kitchen. This offers potential buyers a 

great opportunity to increase revenue without the expense of building out an entire 

kitchen. Fixtures in the kitchen include: 

● Hood system 

● Oven 

● Flat top/stove top 

● Dishwasher 

● Refrigerator & Freezer 

● Stainless steel prep tables 

 

 

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Johnny Baby’s Bar - St. Paul, MN  

 

In addition to the kitchen, the building includes roughly 1,000 sq ft of additional street level 

space currently being used as office and storage space. This could be added to the current 

floor space to increase seating or become a private party room. The space includes a 

second bar and is large enough to host live music.  

 

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Johnny Baby’s Bar - St. Paul, MN  

Opportunity to expand cont. 

In addition to the kitchen, additional floor space and potential for outdoor seating, 

other opportunities to expand include: 

● Increased hours of operation 

● Increased web presence 

● Tap beer sales 

Currently, there is a keg cooler in the basement that is not being used. Tap sales 

were discontinued years ago. With the growing demand for micro-brews, this could 

easily be utilized to increase revenue. 

 

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Johnny Baby’s Bar - St. Paul, MN  

Location 

Johnny Baby’s is centrally located in the East Midway neighborhood of Saint Paul, MN 

making it an ideal location for a bar/restaurant. It sits only blocks from the Capitol building, 

downtown St. Paul, and soon to be completed MN United soccer stadium. The property 

offers convenient access to interstates I-94 and 35E and the Metro Transit light rail, and is 

surrounded by residential neighborhoods to the north and south.  

Aerial Map 

 

Satellite view 

 

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Johnny Baby’s Bar - St. Paul, MN  

Demographics 

 

City of St. Paul 

The City of Saint Paul has a land area of 56 square miles and is the Capital City of 

the State of Minnesota. Saint Paul is home to over 275,000 residents and boasts 

over 3,000 acres of parks, 100 miles of trails, 14 Colleges and Universities, world 

class fine arts, historic architecture, vibrant neighborhoods, multimodal 

transportation and a robust business community. 

As of 2012, the city of St. Paul accomodation & food service industry generated 

$589,021,000 in total revenue and consisted of 599 businesses. The industry 

employed 11,383 residents.

 

Hamline-Midway neighborhood 

As of 2015, the Hamline-Midway neighborhood of St. Paul had a population of 

12,435. 73% of the total population considered to be working age (18-64), with a 

median household income of $50,750.  

Sources: U.S. Census Bureau, 2012 Economic Census, www.stpaul.gov 

 

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Johnny Baby’s Bar - St. Paul, MN  

 

This chart shows the types of businesses that consumers are leaving the target area (MN zip 55104) to find. The 

blue bars represent businesses that are relatively scarce for the area. The beige bars represent businesses that 

are relatively plentiful in the area. Data Source: Retail Marketplace via Esri, 2016 

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Johnny Baby’s Bar - St. Paul, MN  

 

 

Contact Me 

 

Exclusive agent: 

Lukas D. Flood 

Commercial agent - eXp Realty 

651-276-9494 - Direct 

luke.flood@exprealty.com 

lukasflood.mn.exprealty.com 

 

 

 

 

 

 

 

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Johnny Baby’s Bar - St. Paul, MN  

 

Disclaimer: 

The information contained in this Offering Memorandum (“Brochure”) is confidential and is provided for the 

sole purpose of allowing persons to evaluate whether there is interest in proceeding with further discussions 

with the Owner regarding a possible transaction with respect to the subject property (the “Property”). The 

information contained herein shall not be photocopied or disclosed to any other party and shall not be used for 

any other purpose. If the person receiving this document does not elect to pursue such a transaction, same 

person agrees that this material is to be returned to Orono Realty (“Broker”). Neither the Owner, nor Broker, 

nor any of their respective officers, directors, partners, employees, agents or affiliates, assume any 

responsibility or make any representations or warranties, whether express or implied, by operation of law or 

otherwise, with respect to the Property or this Brochure or any information or statements (including financial 

statements and projections) contained herein or relating hereto, including but not limited to the accuracy or 

completeness of such information or statements and the condition, quality or fitness of the Property. Such 

information and statements have in many circumstances been obtained from outside sources, have not been 

tested or verified and may be subject to errors or omissions. Projections, in particular, are based upon various 

assumptions and subjective determinations as to which no guaranty or assurances can be given. Without 

limiting the foregoing, in the event this Brochure contains information relating to asbestos or any other 

hazardous, toxic or dangerous materials in relation to the Property, such information shall in no manner be 

construed as creating warranties or representations, express or implied, by operation of law or otherwise, by 

any party, as to the existence or non-existence or nature of such materials in, under, on or around the Property. 

Potential investors must perform their own examination and investigation of the Property and information 

relating to the Property and in its operations, and shall rely solely on such examination and investigation and 

not on this Brochure or any information or materials contained herein or otherwise provided in making their 

decisions on whether to proceed with a transaction. The Property is being sold “as is” by the respective Owner, 

without representation or warranty as to condition or profitability. The only party authorized to represent the 

Owner of the Property is Broker, and Owner shall not be obligated to pay any fees or commissions to any other 

advisor, broker or representative. Any party entering into a transaction with Owner shall be obligated to pay 

any fees or commissions due any advisor, brokers or representatives, other than Broker, dealing with such a 

party. This Brochure is provided subject to prior sale or lease, change of price or terms and other changes to 

the materials, statements and information contained herein or relating to the Property, and is subject to 

withdrawal, all without notice or liability. In no event shall the delivery or receipt of this Brochure be deemed to 

create any legal obligation to enter into any transactions with respect to the Property, and only a definitive 

agreement signed by all parties shall create a binding commitment to enter into a transaction.  

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