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Businesses For Sale   >>   Michigan Businesses For Sale Categories   >>   

Lakeside Restaurant, Bar & Motel For Sale

Location  Michigan,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $946380
Net Profit / Cash Flow  $180000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1982
Number of Employees  20 - 34
Relocatable  No
Number of Employees  20 - 34
Real Estate  Owned
Training  As needed.
Reason for Sale  Retirement.
Description  The Company is a premier lakeside restaurant and bar for sale, located in the resort area of northern Michigan along the Lake Michigan shoreline. The real estate is included in the sale as well as the Class C liquor license and all furniture and equipment. There is a large porch seating area that provides striking lake views in a comfortable setting. The bar and restaurant are well-appointed and have flat screen TV's along with casual seating around a spacious bar. The bar offers an ample selection of draft and bottled beer, wine and spirits. There is seating capacity for in excess of 200 patrons in this 10,400 square foot facility. There is an abundance of available parking surrounding this free-standing building. Possibilities are many. There are 10 motel units above the restaurant that are in good shape but not utilized because the present owners have elected to ignore this revenue-generating opportunity and concentrate their energies on the restaurant and bar. There is plenty of opportunity here for an owner-operator that is willing to work. Present owner will provide seller financing to a qualified individual with $250,000 down.
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