Retail - Bars/Taverns | Retail - Restaurants

Asking Price	$265,000	Inventory	$10,000**
Gross Income	$500,000	Real Estate
Cash Flow	Not Disclosed	Year Established	1986
FF&E	tbd*	Employees	1 Full/20 Part

* included in the asking price

** not included in the asking price

Talk about an opportunity! Price has been reduced to just $265K! This bar/restaurant has become available due to a divorce dictum (and a little bad luck). The owner is a very successful businessman and has outside interests with zero amount of time to monitor the day to day business. In an effort to be out from under the strain of running the place after his ex- wife's departure, he sold it to two young men with a Management Agreement, allowing them to take over immediately while waiting for the MLCC approval to transfer the Class C liquor license. As the approval process neared, it was apparent the format the managers selected failed to catch on and the business began losing money, so rather than proceed with the sale to the two managers, he cancelled the deal to simplify the transfer of the Class C liquor license. The location has been home to a few different successful names and concepts over the past twenty some years. But during that span Butterworth Hospital became Spectrum Health, and little by little the medical center grew to immense proportions, with a workforce now exceeding 28,000 personnel. This bar/restaurant is amazingly close to the leading edge of this spawning complex. A modicum of foresight could easily tap into that pedestrian traffic /captive audience, and reap immediate rewards. There is free parking for a modest amount of vehicles, with parking lots on either side - Free after 7 p.m. Owner may also be amenable to another Management Agreement which would allow for the new buyer to take control immediately after evaluating if he/she would require a transformation. This is a great opportunity for someone with a vision, and it's priced to move quickly at $350,000. Call Ken George 616.648.1132 for further information and/or a visit to the location.

Facilities: 3,000 sq. ft. building

Financing: Seller will provide financing

Support/Training: Seller will provide training

Reason Selling: Divorce Forces Sale