Owner Financing is Available!
Business Overview:
This is a long established bar located in Harper Woods, MI. The owner acquired the bar and property in 2006. He bought the business and real estate on a 10 year land contract but was able to pay it off in full in just over 4 years. The bar is a money maker.
There is a small kitchen that serves pizza, sandwiches and more. The owner focuses on the night business. They have a DJ with dancing on Thursday and Friday nights and Karaoke on Saturday nights. The majority of the business is done on the night shifts. The day shift sales average $200 per day. More focus on days would result in increased day business. Drink prices are $1 for draft beer, $1.75 to 3 for bottle beer, $2.00 for well drinks, $3.50 for call drinks, $5 for top shelf drinks, $3 per glass of wine, $1 for bottle water, pop, or juice. They do not raise the prices with the DJ or Karaoke. In addition to bar sales and food sales, the business has Keno which averages $2,000 per month in commission, Also there are vending machines owned by a vendor (Union Music) including 2 pool tables, 2 poker machines, juke box, video games and an ATM machine. The bar’s share of the vending revenue average $2,000 per month. They also do some check cashing which results in additional revenue.
NOTE: Gross Sales and Cash Flow are per month.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
going into another business
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.