Popular Restaurant and Bar Near Lake, with Rental Property Included

Asking Price$600,000

Cash Flow
$22,007
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$558,760

Inventory$24,000
Not included in asking price
FF&E$80,000
Included in asking price
Real Estate$255,000
Included in asking price
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Popular Restaurant and Bar Near Lake, with Rental Property Included


Asking Price$600,000

Cash Flow
$22,007
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$558,760

Inventory$24,000
Not included in asking price
FF&E$80,000
Included in asking price
Real Estate$255,000
Included in asking price

Seller Financing Available
Business Description
Lake restaurant and bar for sale on a local lake with strong regional and tourist business. This location has been a restaurant for more than 3 decades and has loyal customers from near and far as it is a popular summer holiday destination. The building is included in the sale, along with an income-producing residential rental that could also be used for an Air B & B. The proximity to the lake and marina makes it a strong source of additional income.

The property also includes commercial-zoned land for additional business ventures and an abundance of parking for the restaurant.

This restaurant has existing, long-term weekly and monthly events set up, all of which are low or no cost to the restaurant to offer. These events provide a secure line of income weekly.

The price on the complete package is $600,000.00. Owner willing to accept 20% down and finance the remaining balance at 5% interest.

Included in the sale: The restaurant and bar business and building, rental property, commercial property ready for development, large parking area, fully stocked kitchen, and fully stocked bar.
About the Business
Years in Operation
6
Employees
12
Facilities & Assets
This is an owned location of 3,400 square feet included in the asking price. Seller is active with 2 FT and 10 PT employees. Hours of operation are Summer; Wed,Thu 11AM-11PM, Fri,Sat 11AM -1.30am, Sun 11AM-9PM Winter; Wed,Thu. $80,000 in FF&E. Liquor, Retail sellers license required.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
3,400
About the Sale
Seller Motivation
Retirement
Transition Support
2 weeks
Financing Options
Owner willing to accept 20% down and finance the remaining balance at 5% interest. Do
Listing Info
ID
2320396
Listing Views
522

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Business Listed by: Jarrod Smalley First Choice Business Brokers - Midwest

Listing ID: 2320396 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.