Established Restaurant/Bar & Building

Business Opportunity for Sale
Catylist Listing ID: 30569191
Property Subtypes: Food and Beverage
Building Size (RSF): 6,750 SF
Sale Price: $695,000
In Opportunity Zone? Yes
Year Business Established: 1998
Gross Revenue: $1 (Annual)
Cash Flow: $1 (Annual)
Sale Terms: Cash to the seller/conventional financing
Last Updated: 9/17/2020

Overview / Comments

Price Reduction! Building for Sale for $450,000 and Business Assets for $245,000, including a Class C liquor license and carryout. If you're looking to enter the restaurant arena then this is it! This restaurant has all the equipment needed to start your new venture. Investors can also add a 2nd level to allow for a residential living if desired. The building contains 2 separate addresses and could be split by the new owner to allow for a front store and rear store location. Future plans are available from the city to show the back alley being updated as a gathering location and walk thru. Only a few blocks from the Marina as well. Excellent foot & vehicle traffic on Ludington and James Street. Bring an offer. This amazing well-established turn-key restaurant/bar with Class C Liquor License is For Sale and includes the Building as Real Estate, Restaurant, Bar, Licenses, and Equipment! Located within walking distance to Lake Michigan, Marina, Beaches, and Parks, This tourist town offers much potential for additional growth and profitability. Call today for a private showing!

Additional Details

Nearest MSA: Ludington
County: Mason
Industry Segment: Restaurants
Reason for Selling: Owners retiring
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Mgmt/Training Support Description: Owner is receptive to stay for on-sight training to new ownerCall
Growth/Expansion Opportunities: Call for further information.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,384 9,558 15,368
Median Age: 43.31 43.39 44.55
Households: 3,262 4,109 6,557

Contact

Photograph of Listing Agent

Joe Hamilton

Five Star Real Estate (Grandv)
CARWM Member
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