Local Favorite Bar & Grill Restaurant PENDING!

Not Disclosed, MI
Oakland County

North Oakland County

Asking Price: Annual Revenue:
$1,648,000 $1,350,000

Food & Beverage: Bars, Clubs, Nightspots

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RE: Local Favorite Bar & Grill Restaurant PENDING! Broker: Tanya Popov
Owner Financing is Available!
SBA financing, seller financing might be available to a qualified buyer.

Quick Facts

Asking Price: $1,648,000
Annual Revenue: $1,350,000
Net Profit: Not Disclosed
Cash Flow: $200,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: $899,000
Year Established: 1996
Employees: 30
BBN Listing #: 439628552
Broker Reference #: MI092418

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Business Overview:

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 $250,000 - $300,000 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 $30,000 plus $12,000 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.

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Property Features and Assets:

Business operates out of 4,758 square feet 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.

Market Competition and Expansion:

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

Reason for Selling:

Getting ready for retirement.

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.

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