Business Opportunity

Business Opportunity for Sale
Catylist Listing ID: 30184332
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $429,000
Name of Establishment: Idle Hour
Gross Revenue: $433,000 (Annual)
Cash Flow: $20,000 (Annual)
Last Updated: 7/16/2018

Overview / Comments

Iconic hometown restaurant has been a mainstay in the Village of Spring Lake for over 50 years. Ideal location in the center of the Village on Savidge Street (M-104). Well established with a committed customer base, this represents an exceptional opportunity. The current facility was constructed in 1995 following destruction of the original building due to fire. Recent cosmetic upgrades have been completed and the FFE is well-maintained. Sales have been very consistent over the years.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Ottawa
Industry Segment: Restaurants
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $300,000

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,321 33,140 53,442
Median Age: 43.26 42.54 41.51
Households: 1,911 14,013 21,660


Photograph of Listing Agent

Bryan D. Bench

CORE Realty Partners
CARWM Member
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