Popular Lakefront Tavern / Restaurant

Undisclosed Address, Michigan
Business Opportunity for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30150088
Property Subtypes: Food and Beverage
Building Size (RSF): 4,000 SF
Gross Land Area: 0.48 Acres
Sale Price: $525,000
Gross Revenue: $1 (Annual)
Cash Flow: $1 (Annual)
Sale Terms: Cash, New Mortgage, OWC
Last Updated: 11/13/2017

Overview / Comments

Very Popular restaurant / Tavern with 125' of lake frontage. Just northwest of Grand Rapids. Recent renovations include new boat docks, ADA bathrooms, parking lot repairs, updated decor. Full bar with class C Resort license. Outside deck / patio. Total seating approx 160. Business currently grosses approx 1.1M per year with room for growth with expanded hours. Currently doing 80% food, 20% liquor. Good size kitchen with 2 walk-in coolers and 3 stand up freezers. Sale includes real-estate, liquor license and all FF&E. Owner is offering financing terms and will stay on for a period of time if needed.

Additional Details

Industry Segment: Bars and Taverns
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0
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