Owner Financing is Available!
Business Overview:
Unique property with Wind Lake canal access includes a tavern and 4-unit apartment building. The owner of the property does NOT operate the tavern; therefore no books and records are available. The lease on tavern expires 6/30/2011. This is a great opportunity to own income-producing property with water frontage. In addition, this 1.5 acre lot may be divisible to have another lot on the canal for a possible single-family house. The tavern has many newer features such as the roof, windows, siding, and the heating/cooling system – which was all replaced less than five years ago after a fire. Most bar equipment is owned by the tenant and is not included in the purchase price. A list of the included equipment is available by request. The seller will consider a land contract with a minimum $200,000 down payment. Seller will also consider an exchange for rental properties. If you visit the property, please use discretion. Do NOT speak to tavern operator or employees. Showings by appointment only. Excellent location, with lots of potential. Income property. Call VR-Lakes Business Group, Tim Bullard, business broker.
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.
Property Features and Assets:
Property has two buildings - a 1,600 square feet tavern and a 3,500 square foot 4-unit apartment building. Sizes are estimated. There is also potential to divide lot to build a single-family house with canal access.
Market Competition and Expansion:
There is only one other known tavern with access to Wind Lake.
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.
- This is not a distressed business or bankruptcy situation.