Nite Spot - bar for sale

Business Opportunity for Sale
Sale Pending
Also listed as Retail-Commercial
Catylist Listing ID: 30557421
Property Subtypes: Food and Beverage
Status: Pending
Building Size (RSF): 3,936 SF
Sale Price: $185,000
Name of Establishment: Nite Spot
Year Business Established: 1960
Gross Revenue: $1 (Annual)
Cash Flow: $1 (Annual)
Sale Terms: Cash to seller - LAND CONTRACT TERMS AVAILABLE - NEGOTIABLE
Last Updated: 9/24/2020

Overview / Comments

The very popular Nite Spot Tavern is now for sale. Located in Lakewood Village a stones throw from Fox Lake and Michigan Adventure. Sales price included the business, the equipment, all furnishings, and two liquor licenses. Attached living quarters - 4 bed, 1 full bath. This is a fantastic opportunity for someone wanting to get into the bar business at a rock bottom price.

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Industry Segment: Restaurants
Reason for Selling: Owner is deceased. Trust is selling.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: DALTON TOWNSHIP D-VLC10-1009-1016 VILLAGE OF LAKEWOOD CLUB ADDN NO 10 PLAT SL LOTS 43-50 INC BLK 117 SEC 5 T11N R16W
Mgmt/Training Support Description: Transition assistance will be provided if needed.
Competition/Market Description: Only game in town.
Seller Financing Description: SELLER FINANCING IS AVAILABLE - NEGOTIABLE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,252 4,725 18,421
Median Age: 32.86 34.6 38.47
Households: 787 1,638 6,820

Contact

Photograph of Listing Agent

Michael Robert Hess

Robert Michaels LLC CARWM Member
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