Undisclosed Address, Michigan
Business Opportunity for Sale
Catylist Listing ID: 30656416
Property Subtypes: Food and Beverage
Building Size (RSF): 7,200 SF
Sale Price: $375,000
Gross Revenue: $1,000,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: cash or terms with half down
Last Updated: 11/7/2020

Overview / Comments

Classic Irish Bar 300 indoor seats professionally remodeled in 2019 and looks like new. Great Bar with tons of character and multiple dining room areas and a private, glassed in dining room. Patrons come in for the food and stay for the entertainment. The front of the restaurant opens up onto a large outdoor patio directly off the parking lot. Extensive and convenient parking makes it easy for your patrons to drop in for a drink or stay for a great evening. There are 16 years remaining on the current lease. Located on busy Van Dyke Avenue, this restaurant needs nothing more than a new owner to grow the business. The business assets and lease assignment are for sale. The ownership group may consider the continued use of the name. Demand from the owner’s non-restaurant business has caused this location to be put on the market. Make this your next restaurant location and you can take advantage of the work ! Come and see it. You will not be disappointed.

Additional Details

Industry Segment: Restaurants
Reason for Selling: multiple businesses
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $300,000
Value of Real Estate Included ($): $0
Mgmt/Training Support Description: Transition support is available.
Competition/Market Description: Lots of traffic on busy VanDyke
Seller Financing Description: Will consider holding paper with right operator and half down.

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Demographic Statistics

Proximity: 5 miles
Total Population: 2,593
Median Age: 44.17
Households: 1,031


Photograph of Listing Agent

Michael E. Scheid

Thomas Hospitality Group
CPIX Member
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