Multi-Faceted Bar / Entertainment Venue

We are pleased to present this attractive opportunity to own a landmark bar and entertainment venue located in a desirable West Michigan Suburb. Customers enjoy an inviting atmosphere offering a variety of entertainment options including multiple bar /service areas, a live music stage, and ample seating both indoors and out, making it a perfect year-round venue for hosting groups and events.

Recent improvements to the retail space include plumbing and electrical updates, new flooring, new roof (with a 20 year transferable warranty), new kitchen, new central air conditioner and heating unit, and the addition of indoor and outdoor seating areas (total seating capacity of 240 persons). Bar and kitchen equipment is professionally maintained and serviced on a seasonal schedule.

The 1.2 acre parcel has ample parking for guests with multiple street entrances. Current ownership has invested significant time and money into updating the property as well as the business operations. Documented standard operating procedures, business policies, and employee training make this a turnkey opportunity. Fair market wages, paid time off, and established systems have led to a high rate of employee retention which translates to high customer satisfaction and repeat business.

This value packed opportunity priced at $1,450,000 is the sum of three key components: (1) The enterprise value and goodwill of the business which includes an experienced staff, fixed assets, and equipment. (2) Beer, wine, and liquor inventory along with multiple licenses and permits (Class C liquor license, additional bar permit, dancing, entertainment, Sunday pm sales, lottery, food service, music licenses). (3) Real Estate, which has seen numerous updates over the last few years with investments of over $250K.

The sellers anticipate an asset sale in which they retain cash and the minimal A/R while retiring all liabilities. The buyer receives all furniture & fixtures, all fixed assets, inventory, licenses, and real estate. In addition, the sellers will hold a meaningful six figure seller note for a qualified buyer and are ready to provide transitional support.