Hometown Saloon For Sale in West Michigan

Undisclosed Address, Michigan
Business Opportunity for Sale
Catylist Listing ID: 30507514
Property Subtypes: Food and Beverage
Building Size (RSF): 5,500 SF
Sale Price: $295,000
Year Business Established: 1970
Gross Revenue: $300,000 (Annual)
Cash Flow: $120,000 (Annual)
Last Updated: 10/8/2019

Overview / Comments

Great opportunity to own this well-established hometown restaurant/bar with consistent historical cash flow. Real Estate is included and provides options for development and/or business expansion as offering includes three, contiguous lakefront parcels totaling 2.84 acres. 4500 SF restaurant is well-maintained and supports an additional 30+ customers on the outdoor lakefront patio. Brand new well pump and drain field in 2019, abundant parking, and an additional 1,000 SF outbuilding is located on adjacent lot. Retiring owner is available for 30-day consult, as needed, and is willing to carry a meaningful seller note for a qualified buyer.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Retirement
Value of Inventory Included ($): $10,000
Value of Furniture, Fixtures, and Equipment ($): $5,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $200,000
Employee/Labor Description: Three full-time employees. Part-time employees vary throughout season.
Mgmt/Training Support Description: Support and/or training available as needed for up to three months.
Competition/Market Description: Well-established long history of consistent volume.
Growth/Expansion Opportunities: Property includes three lakefront parcels and provides for building expansion or other waterfront development.
Seller Financing Description: Seller will hold meaningful note for qualified buyer.

Contact

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