Iconic Bar, Restaurant and Entertainment Venue

For over 50 years, this iconic restaurant and bar has been a community gathering spot providing customers with delicious entrees and cocktails. The restaurant has built a reputation for generous portions, fresh ingredients and quality. A recent remodeling project provides a welcoming atmosphere for customers that visit for dinner, drinks and special occasions. Located in a rural North Central Michigan town this business has a lot to offer. A friendly staff makes everyone feel welcome whether it’s a bite to eat as a family or grabbing a pint after clocking out after work. Going beyond food and drinks this local haunt also provides entertainment that draws visitors from across the region. As if that wasn’t enough, additional sources of income include second story apartments and banquet facilities allowing for even more growth potential for new ownership. The business has several outstanding attributes that make it a great opportunity: • Averaged over $ 1,100,000 in annual revenue the past three years • Class C Liquor License • Over $1,000,000 in remodeling and equipment upgrades since 2022 • Loyal and long-term staff willing to transition to new ownership. Existing management staff will assist with training Opportunities to increase revenue include promotion of corporate events and special occasions along with the expansion of the catering business. Other growth opportunities include additional apartments on the second floor, expanding banquet space and a golf simulator. This outstanding opportunity is being offered at $1,200 ,000 with an attractive 2.5 multiple of SDE (SDE = seller’s discretionary income – the historical, normalized cash flow available to pay the owners and service debt). The price includes real estate, liquor license and inventory. The seller is however willing to consider a short-term lease if desired by a qualified buyer. If you are searching for a successful business in North Central Michigan with a long-term record of success this is a great opportunity. For more information on this listing please contact Steve Huntley at 616 902 0898 or [email protected]