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Longstanding Restaurant & Bar In Michigan For Sale

Michigan, US
Asking Price:
$799,000 Furniture / Fixtures included
Sales Revenue:
$644,987
Cash Flow:
$100,400

This renowned restaurant and bar proudly maintains00 a longstanding presence in the local area, tracing its roots back to the 1930s. Known for its welcoming atmosphere, delectable American fare, and wide assortment of drink offerings, it stands as a cherished establishment.

Deeply ingrained in the community, the restaurant and bar boast a large and loyal local clientele who frequent it on a weekly basis. During the weekends, the restaurant and bar hots live music and karaoke, drawing in customers from the surrounding areas. Additionally, the restaurant and bar is highly rated online, maintaining an average Google rating of 4.6 stars across over 300 reviews.

Included in the sale of this business is a Class C liquor license, enabling new ownership to transition smoothly and continue serving its dedicated clientele. The asking price also encompasses the 4,400 square foot facility, a well-established landmark within the community.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of non-disclosure agreements (NDAs) and sending of information for speed and efficiency.

You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK OR A FOLLOW-UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR JUNK MAIL.

Once we receive your NDA, the Confidential Business Review (CBR) will be sent to you by the advisor. They will be happy to correspond and answer your questions directly. Thank you for your time!

Property Information

Real Estate:

Real Property Included

Location:

West Michigan

Premises Details:

This 4,400 sq. ft. venue boasts an inviting bar and seating area, a fully equipped kitchen, and an expansive upstairs space ready for future development. The property also offers ample parking, covering 0.8 acres to accommodate a large number of guests. Current ownership has made significant investments to enhance the establishment's operations, including the installation of a new drain field, a spacious walk-in cooler and freezer, and upgraded cooling fans for the beer cooler.

Business Operation

Expansion Potential:

Growth Opportunities Include:
(1) Create A Website
(2) Increase Hours of Operation

Competition / Market:

Investment Highlights Include:
(1) Established Local Presence & Loyal Customer Base
(2) Consistent Profitability
(3) Quality Food for Quality Price

Reasons for selling:

One owner is seeking to transition into retirement, while the other owners are seeking to focus on their personal life.

Employees:
13

Other Information

Support & training:

Ownership is willing to provide reasonable and customary transition assistance, including staying on as a consultant if needed.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Limited seller-financing is available for qualified buyers.

Furniture / Fixtures value:
$50,000 - included in the asking price