MergerPlace

Local Favorite Bar & Grill Restaurant

Michigan (Oakland)


  • Asking Price: $1,648,000
  • Gross Income: $1,350,000
  • Cash Flow: $200,000
  • Real Estate: $899,000
  • Inventory: $42,000
  • FF&E: $100,000
  • Listing ID: #209627
  • Established: 1996
  • Employees: 30

Business Description

Our firm is pleased to present a local community favorite Bar & Grill restaurant for sale. Located on a unique parcel of land offering a scenic waterfront view, this establishment serves wide variety of food and drinks. The seating capacity is 120 inside and 100 outside on the large lakeview deck with tiki bar. Over 16 TV’s and multiple projection screens available to catch every sporting event.
Revenues are approx. 60% food and 40% alcohol. In addition to over $1.3 mil in sales, the bar brings in $250-$300K in lottery sales.

The owner works 20-30 hours weekly and is responsible mainly for bookkeeping, liquor ordering as well as lottery game management. He also feels in occasionally as manager if needed.
Live music, beautiful lake view and various other events makes this restaurant a consistently popular spot over many years with stable customer base.
All FF&E and inventory as well as updated website included with the sale. Normal inventory is estimated at $30K plus $12K in lottery.
We are seeking a serious and financially qualified buyer able to obtain SBA financing with 15-20% downpayment. Non-disclosure and financial statement required prior to receiving confidential information.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Michigan
County: Oakland

Company Information

Year Established: 1996
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 30

Financial Information

Asking Price: $1,648,000
Gross Revenue: $1,350,000
Cash Flow: $200,000
FF&E: $100,000
Inventory: $42,000
Real Estate: $899,000
Seller Financing Available: Yes

Property Information

Facilities:

Business operates out of 4,758 sq ft building located on two parcels totaling 4.5 acres. Beautiful view of the lake, located on the major road with ample parking, only a few miles off the freeway. Property is valued at $899K and is included in the total asking price.

Growth & expansion opportunities:

Buyer with fresh energy familiar with the restaurant and bar industry poised to do well in this location.

Competition:

This bar & grill has been around for many years and remains one of the favorite local destinations for a casual drink with friends, to catch a game or unwind after a long week.

Reason for selling:

Getting ready for retirement

Support & Training:

Seller will stay through transition period to insure smooth take over.

Contact Business Seller

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Business Listed By:

Tanya Popov

Inix Consulting and Brokerage