Knot Hole Bar

Business Opportunity for Sale
Catylist Listing ID: 30769398
Property Subtypes: Food and Beverage
Building Size (RSF): 1,800 SF
Sale Price: $345,000
Name of Establishment: Knot Hole Bar
Year Business Established: 1916
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash to seller
Last Updated: 12/1/2021

Overview / Comments

This bar has been a staple of the community since 1916. The current owners have done extensive remodeling and updating in the last 10 years. Increasing the outdoor space, selection, and putting a little more emphasis on the menu has steadily lead to gains in profit. There is 1800 feet of indoor space and 4000 feet of fenced outdoor space which includes a stage, beer bar, and horseshoe pits. There is also a good condition single wide trailer that can be lived in but is currently used for storage. There is a half acre of undeveloped land that can give you many opportunities for expansion. RV sites, a house, sporting opportunities, festivals. There lots of options. The bar sits on one of the major north/south highways in Northern Michigan and right in downtown Comins. The area is well known for hunting and for being a central location to reach many additional outdoor activities while maintaining the small northern community feel. Blue Ribbon trout fishing, ATVs, kayaking, golfing, fishing, all your outdoor activities are nearby. The business comes turn key with all the equipment you need and the current owner is willing to help train a new owner.

Additional Details

Industry Segment: Bars and Taverns
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0

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Demographic Statistics

Proximity: 5 miles
Total Population: 917
Median Age: 52.12
Households: 409
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