Bar / Restaurant

Business Opportunity for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30564391
Property Subtypes: Food and Beverage
Building Size (RSF): 3,200 SF
Sale Price: $575,000
Name of Establishment: Silk City Saloon
Gross Revenue: $1 (Annual)
Cash Flow: $1 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash to seller - LAND CONTRACT TERMS AVAILABLE - NEGOTIABLE
Last Updated: 3/31/2020

Overview / Comments

The very popular and profitable Silk City Saloon is NOW for sale. Prime location - downtown Belding on N Bridge just south of the Flat River. Turnkey business. Sales price includes the business, the equipment, all the furnishing, two liquor licenses and the real estate. LAND CONTRACT TERMS ARE AVAILABLE - given mutually acceptable terms. Signed Non-Disclosure required for financials. Business is also available for lease, given the right terms.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Muskegon
Industry Segment: Bars and Taverns
Reason for Selling: Owner is has been in the business for 38 years and is to retire.
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: CITY OF BELDING SUPV MOONS PLAT COM 77 FT N ALG E LN LOT 201 FR SE COR FOR POB; TH N 123 FT, TH W 269.04 FT TO PT ON W LN SD LOT 172.12 FT N FR SW COR SD LOT, TH S 97.6 FT, TH E 267.25 FT TO POB...
Mgmt/Training Support Description: Will provide support and training for new buyer transition.
Competition/Market Description: Only game in town.
Seller Financing Description: Seller will finance given acceptable terms.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,757 8,586 14,858
Median Age: 33.88 34.6 37.55
Households: 2,161 3,188 5,549

Contact

Photograph of Listing Agent

Michael Robert Hess

Robert Michaels LLC CARWM Member
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