How much does a restaurant for sale in North Dakota cost?
North Dakota restaurant acquisitions are among the most accessible in the country. Asset sales typically start from $25,000 to $100,000. Full business sales range from $85,000 to over $750,000. Fargo commands the highest prices, with Bismarck and Grand Forks in the middle, and smaller markets like Minot, Williston, and Dickinson offering accessible entry costs. Bakken market acquisitions require careful evaluation against energy cycle context.
What are restaurant lease rates in North Dakota?
North Dakota restaurant lease rates are among the lowest in the United States. Fargo's Broadway corridor averages $20 to $28 per square foot annually. Bismarck's downtown and Kirkwood Mall area run $18 to $26. Grand Forks and Minot typically range from $14 to $22 per square foot. Western North Dakota energy market rates fluctuate with Bakken activity, generally $14 to $24 per square foot annually.
How do North Dakota Class A and Class C liquor licenses work for restaurants?
Class A licenses cover beer and wine, while Class C licenses cover full service restaurants selling beer, wine, and spirits with food sales as the primary business. Licenses are regulated by the state and municipal alcohol control boards jointly, with many cities operating population based quotas. Transfers typically take 45 to 75 days and may require local council approval on top of state approval. Buyers should confirm license class and quota status during due diligence.
How does the Bakken oil and gas economy affect restaurant valuations in western North Dakota?
Restaurant performance in Williston, Dickinson, and parts of Minot correlates with Bakken Formation energy activity, including rig counts and oil prices. Boom periods produce outsized revenue and license values while downturns can compress both. Buyers acquiring in these markets should model historical revenue against multiple energy price scenarios and verify whether the seller's recent financials reflect peak conditions or a normalized environment.
Can I list a restaurant for sale anywhere in North Dakota on Pepperlot?
Yes. Listing on Pepperlot is free. Create a restaurant specific listing with details like hood systems, seating, liquor license type and status, and lease terms, and your space is in front of buyers the same day. Confidential listing options are also available.
