Seller Financing Highly regarded bar & restaurant for sale w/liquor license
Entertainment & Recreation Businesses for Sale
- Primary Category: Nightclubs & Theaters for Sale
A well-established and highly regarded bar and restaurant is available for acquisition in the heart of Mount Clemens. This turnkey operation combines a full dining menu, vibrant bar service, and live entertainment in a spacious venue with a licensed seating capacity of 190.
Location: Prime commercial space
Business Type: Full-service bar and restaurant with banquet facilities
Asking Price: (includes inventory, all fixtures, equipment, and works in progress)
Inventory Value: Estimated $40,000
Assets & Equipment: Valued between $70,000
Operating Hours: Open seven days a week with extended evening hours for entertainment and dining
Customer Base: Established loyal clientele with many repeat customers since early 2000s
Ownership: Operated by full-time owners with strong community ties, offering a smooth transition for new ownership
Lease Terms: Current lease with 7 years remaining, monthly rent $3,558 with a modest annual increase
Growth Potential: Opportunities to expand catering, delivery services, and event programming
This confidential sale is an exceptional opportunity for an investor or hospitality professional looking to enter or expand in the thriving Mount Clemens market. Interested parties must respect confidentiality protocols and will be required to sign a non-disclosure agreement to receive detailed financials and operational information.
For confidential inquiries, contact the listing broker. Do not contact the business directly to preserve operational confidentiality.
Financial Information
- $175,000 Asking Price
- $71,000 Cash Flow
- $630,000 Gross Revenue
- N/A Down Payment
- Yes Financing
- N/A Adjusted EBITDA
Business Location
- City: Mt Clemens
- State: Michigan
Financing Comments
- Seller is willing to create a win, win financing option.
Reason for Sale
- Owners have other obligations. Expected minimal business disruption during ownership transition.
Detailed information
- Year Established: 2000
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Full-Time Employees: 5
- Part-Time Employees: N/A
- Contractors: N/A
- Owner Worked Hours/w: 20
- Inventory Included: Yes
- Inventory Value: $40,000
- Monthly Rent: $3,558
- Real Estate Available: Yes
- Real Estate Included: No
- Real Estate Value: N/A
- FF&E Included?: Yes
- FF&E Value: $70,000
Training/Support
- Whatever is needed for a smooth transition
Facilities
- Licensed seating capacity of 190 inside, no outdoor seating licensed. Fully equipped kitchen, bar, POS system, audio/visual system, and all furnishings, fixtures, and equipment included. Clean financial records and updated licenses.
Market Outlook/Competition
- Target Market: Adults aged 25-60 Customer Base: Strong loyal clientele, many present since early 2000s, supported by a welcoming atmosphere and quality food/service. Key Offerings: Full menu entrees, cocktails, live entertainment, private party venues, and catering services. Payment Terms: Credit card or cash
Real Estate Description
- Premises leased with 7 years remaining on lease starting in 2023. Current rent is $3,558/month with a $50 annual increase. Security deposit of $4,000 required. Renewal options negotiable.
Business Listed by
Art Crosby
Sunbelt of Greater DetroitContact Business Broker
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