MergerPlace

Profitable Lakefront Brew Pub

Grand Rapids, Michigan


  • Asking Price: $775,000
  • Gross Income: $1,576,000
  • Cash Flow: $145,000
  • Real Estate: Not Disclosed
  • Inventory: $47,000
  • FF&E: Not Disclosed
  • Listing ID: #209825
  • Established: 1997
  • Employees: 38

Business Description

This Brewers Association Certified Independent Craft Brew Pub offers customers a fun and exciting spot with delicious food and drinks. The profitable and highly-rated Company hosts a large patio with spectacular views overlooking the water. Since its founding over two decades ago, the Brew Pub has developed a large and loyal customer base. The owner is seeking retirement and is willing to provide support through a transition period. The Company is well-positioned with several opportunities for growth under new ownership.
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Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Michigan
Metropolitan Area: Grand Rapids

Company Information

Year Established: 1997
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 38

Financial Information

Asking Price: $775,000
Gross Revenue: $1,576,000
Cash Flow: $145,000
EBITDA: $82,000
Inventory: $47,000
Seller Financing Available: Yes

Property Information

Facilities:

The Brew Pub operates out of a leased lakefront location with 6,750 sq. ft. The facility boasts a large patio area over the water.

Growth & expansion opportunities:

Growth Opportunities include: (1) Additional Use of Lawn: The location includes a lawn area that is underutilized and could become a large revenue driver. (2) Expand Catering Services: The Company could offer catering services to increase sales and profitability. (3) Local Area Developments: The Brew Pub is located in a growing area that expects continued investment which will likely increase the number of homeowners and travelers that visit the Company.

Competition:

Investment Highlights include: (1) Fresh and Local Food, Drinks, and Entertainment: The Brew Pub offers a fun atmosphere with delicious food and drinks. (2) Prime Waterfront Location: The Company is located on a beautiful waterfront. (3) Certified Independent Craft: The Company is a Brewers Association Certified Independent Craft, a highly regarded designation. (4) Customer Ratings and Review: The Brew Pub receives high ratings and reviews online due to its fun environment, delicious food and drink options, and great service.

Reason for selling:

Retirement

Support & Training:

Ownership willing to provide reasonable and customary transition assistance.

Contact Business Seller

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Business Listed By:

Max Friar

Calder Capital, LLC