Retired Truffler LLC | Application Preview
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General Information
Business Registration Number: 84-3452653
Location: Sturgeon Lake, MN, United States
Length of Operation: 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
This funding will be used to pay rent, and utilities until we are able to function as a full service restaurant again.
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Business Plan
We were already in the process this year of building the campground which will include 6 full hook up RV spots, and tent camping. Before this recent shutdown we were expanding our menu to suppers. The next few years we were going to build a small mini golf course and hold other events for small town MN. We purchased the restaurant from previous owners who had it for 20 years. We are currently meeting their 2019 sales, all during the pandemic. We should be able to see a 20% increase in business in 2021, if restrictions are lifted partially or fully. My husband and I have been in the restaurant industry for a combined 30 plus years. We decided December of 2019 that we were going to jump in and buy a restaurant. We took over this restaurant in January of 2020, and by March of this year we were shut down due to the pandemic. We have persevered, we have shown our neighborhood what we have to offer. They don't want us to leave any more than we do. The restaurant we purchased was on the same property as our house, so if our business closes we may have to sell our home. All during the pandemic we also had our second child who is now three months old. All we want to do is succeed and have a place to raise our children, teach them how to run the business and have something to pass down to them when they are old enough.
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Self Identified Competition
We are in a city of 32 people. There is a bar across the street. The next closest spot to us is 20 minutes away. They are on the highway, so they get a lot of traffic. There is a third restaurant also 20 minutes away in a different direction. We were meant to run restaurants. This is our home and we treat the people as such. We also treat the food the same way. We never want to give our neighbors a bad meal.
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Contact Applicant
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