Cocktailz Bar & Grill II

Business Opportunity for Sale
Catylist Listing ID: 29610334
Property Subtypes: Food and Beverage
Building Size (RSF): 9,500 SF
Sale Price: $295,000
Name of Establishment: Cocktailz Bar & Grill II
Year Business Established: 2005
Gross Revenue: $500,000 (Annual)
Cash Flow: $10,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Home Based: Yes
Living Accomodations: Yes
Sale Terms: Cash - Possible Land Contract
Last Updated: 7/27/2017

Overview / Comments

REAL ESTATE Goes with the Bar (Real Estate $170K - Business $125K) also Includes Liquor License all Kitchen Equipment, Furniture and there is 2 Apartments above the Bar. Getting $850 & $700 for rental. This is a great Small Town Business That can Grow & Grow, I am Showing $500K on the Book's. Agent is Owner. For more Info Call Ernie Gills 616-822-1968 or email erniegills@aol.com

Additional Details

Nearest MSA: Holland
County: Allegan
Industry Segment: Bars and Taverns
Reason for Selling: Down size & to Simplified (Retire)
Value of Inventory Included ($): $7,000
Value of Furniture, Fixtures, and Equipment ($): $100,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $195,000
Employee/Labor Description: 10 employees
Mgmt/Training Support Description: Owner will give 40 hrs. of training over 1 or 2 month period
Competition/Market Description: Italian Restaurant / Bar down the street other then that, closest Bar is 10 miles away
Seller Financing Description: Possible LC with 150k down $1500 per month 3 Year Balloon

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,814 3,003 7,190
Median Age: 35 38.01 38.65
Households: 641 1,074 2,527

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