Profitable Restaurant with Real Estate

Business Opportunity for Sale
Catylist Listing ID: 30580863
Property Subtypes: Food and Beverage
Building Size (RSF): 2,400 SF
Sale Price: $749,900 - 749,000
Name of Establishment: The Green Spot
Gross Revenue: $825,000 (Annual)
Cash Flow: $120,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 11/14/2020

Overview / Comments

Since being founded in 1933 the Company has provided proficient food, drinks, and service in the Mt Pleasant area and built up an excellent reputation with locals and tourists alike The Green Spot Pub is known as a high quality and consistent dining option in the area, attracting more tourists and repeat customers than competitors
The Company’s reputation for high customer satisfaction means a large portion of revenue is generated through recurring and referral customers Overall, the brand name is well received by the target population which results in stable income from loyal customers. The Company has an impressive 4 4 rating based on 475 reviews.

The Green Spot Pub operates out of a 2 400 square foot facility, which includes an indoor seating area, kitchen, bar equipped with 20 tap beer system, and an outdoor patio The facility is owned by the Company and available for sale with the business The building has an appraised value of 540 000 and is included in the sale price.

The
Green Spot Pub is located near two establishments that attract an abundance of customers, Central Michigan University and Soaring
Eagle Casino. The casino is roughly one mile from the facility, which attracts tourists and occasionally hosts concerts that attract large amounts of people in
the area The tourists that visit the casino do so with the intent to spend money, meaning there are many potential customers willing to spend on food rather than cook themselves Central Michigan University is a 4-year university with roughly 17 500 undergraduate students and is roughly two miles from the facility In
addition to Soaring Inn Casino, CMU provides many potential customers Since the pub is located near these two large establishments, there is a healthy amount of demand that has and will continue to provide stable revenue for the Company.

Attachments & Media

Additional Details

Nearest MSA: Mount Pleasant
County: Isabella
Industry Segment: Restaurants
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $35,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $540,000
Real Estate Lease Description: Excellent location on one of the busiest corners in Mt Pleasant only 1 mile from the casino.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,613 33,963 42,157
Median Age: 32.42 26.06 27.32
Households: 2,829 11,685 14,845

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