Business For Sale

Mid-Michigan Landmarrk Bar/Restaurant and Catering

Ingham County, MI
Ingham County


Asking Price: Annual Revenue:
$695,000 $800,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Mid-Michigan Landmarrk Bar/Restaurant and Catering Broker: joel hekler
Owner Financing is Available!

Quick Facts

Asking Price: $695,000
Annual Revenue: $800,000
Net Profit: $200,000
Cash Flow: $200,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $495,000
Year Established: 1990
Employees: 22
BBN Listing #: 975531216
Broker Reference #: jh013018

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Business Overview:

The owner of this attractive, iconic Bar/Restaurant in the heart of a stable rural Mid-Michigan community has decided after 40 years it is time to turn over the reins to only its second owner. The 120 seat recently renovated facility (at a cost of over $450,000) located on over a one-half acre parcel featuring a large paved parking lot on one side of the building and enough vacant land on the other side for outside activities.
The building also features a unique 50 seat outdoor covered patio that hosts live bands on summer weekends. This business is generating revenues of nearly $800,000 and recorded over $200,000 of SDE (seller’s discretionary earnings, the historical, normalized cash flow to pay an owner-operator and service debt).
Included in the price is a thriving catering business well known in the area as serving excellent food (and lots of it) for many large corporate events, weddings, graduations, holiday parties and the like. The catering business comes with three trailers, one of them is equipped with a full kitchen, another is a mobile gas fired rotisserie. The Seller would consider running the catering component of the operation under contract for a period of time if the new owner wishes. Finally, this establishment enjoys a strong carry out business including meaningful sales of its well-known pizzas.
The asking price of $695,000 includes the business and real-estate. The business has 22 employees (full and part-time combined) to handle its lunch, dinner and early evening business. The business is managed by an employee with 22 years of service. The bar/restaurant is open seven days a week. It features a newer, fully functional kitchen with seven pizza ovens, a 16’ cook line, an 8,000-cfm overhead ventilation system, a fire suppression system and a built-in 100’ wooden bar top with a 16-tap set up…… and, well you get the picture…everything needed to continue serving their many loyal patrons.
The sale price includes all furniture, fixtures, and assets (with a combined low six figure value in place). The class “C” liquor license (worth approximately $50,000) is included in the sale along with the business name, website and all goodwill. Additionally, the catering license allows for off-site beer and alcohol service. In order to insure a smooth and profitable transition the Seller will include 60 days of training/mentoring as part of the purchase. A meaningful Seller Note will be available to a qualified buyer.
To learn more about this attractive business with an equally attractive price tag, please contact Joel Hekler or email us.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

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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