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North of Rochester Rest-Bar-Property $589,900 Terms

Lakeville, MI (Oakland County)

Seller Financing Available
North of Rochester Rest-Bar-Property $589,900 Terms
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Asking Price: $589,900

Cash Flow: N/A

Gross Revenue: $391,946

EBITDA: N/A

FF&E: N/A

Inventory: $7,500*

Real Estate: $169,390

Established: 1984

*not included in asking price.

North of Rochester Rest-Bar-Property $589,900 Terms

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Business Description

Same Owner 20 years, presently open 7 am to 9 pm Monday thru Thursday, open until 11 pm on week-ends. Includes Class C liquor license, Outdoor Patio Service and Sunday Sales (AM-PM). Does a nice lunch during the week, does 65% food, seats 100, 60 in Bar Dining plus 40 in Dining Room. Gross Sales are on the increase, Lakes and Golf nearby, a neighborhood favorite. Tastefully decorated with Oak and Wood floors,well equipped kitchen, up to code with Township and Health Department.
8 to 10 employees on staff.

Detailed Information

Location:
Lakeville, MI
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,792
Employees:
10
Facilities:
The premises consists of 3792 square feet Brick/Veneer building with front and side entrances sitting on 1.19 Acres with great partially paved parking for 60+ cars. S.E.V.: $169,390, Zoned Commercial with Septic and Well approved and has no violations with Health Department. Asking $589,900 for Business and Property with owner financing with only $150,000 down. Land Contract payments $4,700 per month including 5% interest with a 10 year balloon
Reason for Selling:
Owner Retiring after 20 years
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Michael C. Kelly

Business Listed By:
Michael Kelly

Mike Kelly & Associates, Inc.

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