Local College Bar and Grill

Undisclosed Address, Michigan
Business Opportunity for Sale
Catylist Listing ID: 30265559
Property Subtypes: Food and Beverage
Building Size (RSF): 1,600 SF
Sale Price: $180,000
Year Business Established: 2014
Gross Revenue: $350,000 (Annual)
Cash Flow: $1 (Annual)
Sale Terms: Cash, Commercial Loan, Owner Financing( TBD)
Last Updated: 4/14/2018

Overview / Comments

Up for sale is a popular bar and grill located just outside of a large Grand Rapids campus. Currently the present owner is running it absentee. The restaurant has gross sales of over $350,000 annually. It occupies 1600 sq ft with 63 seats inside as well as 49 patio seats.

There are many ways to improve and add revenue to this already successful business. A hands on owner can grow sales substantially by running additional promotions and specials. Operating hours are currently 3:30 pm to 2:00 am.

Please call Danielle to schedule an appointment to see this great opportunity in person.

Additional Details

Industry Segment: Bars and Taverns
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Employee/Labor Description: 11 Employee's and 1 Manager
Competition/Market Description: Located in a busy strip mall close to a local college and surrounded by apartment facilities which are growing each year.
Growth/Expansion Opportunities: There are quite a few ways to grow this business, ask us to discuss the available options.
Seller Financing Description: Seller Financing available with a good down payment.

Demographic Statistics

Proximity: 5 miles
Total Population: 2,593
Median Age: 44.17
Households: 1,031


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