Description
Our firm is thrilled to present an exceptional local tavern with great history spanning decades. Nestled just one mile from Mound Road, this establishment enjoys a prime location surrounded by thriving residential neighborhoods in Macomb County. With more than 20 years of establishment, this tavern has become an integral part of the community, cherished by locals and boasting an impressive track record of over 100 5-star online reviews.
This tavern is celebrated for its attractively priced beverages and delectable bar food. Beyond that, it offers a vibrant atmosphere with periodic live music performances, pool tables, and an array of bar games. The tavern also offers lottery and keno games that brings in close to $40,000 a year in lotto income to the current owner. A dedicated team of long-serving employees adds to the welcoming ambiance, creating a familiar and cherished experience for customers.
The tavern is inside a standalone building with ample parking space to accommodate customers. The building is approximately 2,400 square feet and situated on 0.69 acres, the property enjoys a prominent position along a major road. The current owner has made substantial enhancements to both the building and parking facilities, ensuring a well-maintained and appealing environment.
The potential for growth in this local gem is amazing. A new owner could elevate the tavern’s appeal by introducing unique cocktails and expanding the menu offerings. Additionally, implementing creative marketing strategies within the local community to attract new customers.
The current owner/seller is open to facilitating a land contract that includes both the business and the real estate, for qualified buyers. This unique opportunity ensures a smooth handover for those looking to take the reins of this beloved establishment and propel it to new heights.
Get More InfoBusiness Overview
| Revenue | $215,194 +/- |
| Cash Flow | $59,940 +/- |
| Inventory | $To Follow |
| Year Established | To Follow |
| Seller Financing | Yes |
| Employees | 4FT 0PT |
| Asking Price | $150,000 |
Key Statistics
- Hours of Operation: 7 days 11am-2am
- Employees: 4 Full Time 0 Part Time
- Year Established: To Follow
- Year Acquired: 1991
- Liscence Required: Liquor, Sales tax, Lotto
- Seats: To Follow
- Parking: Ample
Financial Information
- Gross Sales: $215,194 +/-
- Source: Seller Provided Financials
- Cash Flow: $59,940 +/-
- Source: Seller Stated
- Inventory Value: To Follow
Seller Financing
- Business Price: $150,000
- Down Payment: $75,000
- Monthly Payment: $760.70
- Interest Rate: 9%
- Amortization Period: 180
Location
- Real Estate Price:300,000
- Purchase Terms: $75,000 down payment, 15 years / 9% interest rate with Balloon
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Disclaimer
This information has been supplied to Broker, Capital Commercial Group, Inc. by seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. Thus, Broker does not guarantee this information to be accurate. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser`s councel.