Iconic Tavern in the heart of Leelanau
Northport, MI
| Asking Price: | $1,350,000 |
| Gross Revenue: | $1,315,000 |
| EBITDA: | $400,000 |
| Real Estate: | $700,000 |
| Cash Flow: | $350,000 |
| Inventory: | $60,000 |
| FF&E: | $90,000 |
| Established Year: | 1971 |
Listing ID: 2225987Listing provided by BizBuySell
BUSINESS DESCRIPTION
Turn key business on Iconic M-22
If you know the area, then you know this business. You will not find a cleaner kitchen, or a more successful restaurant than Fischer's Happy Hour Tavern. We have key staff in place ready to move forward with the next owner.
ATTACHED DOCUMENTS
DETAILED INFORMATION
Location
Northport, MI
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
3,198
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Full service bar and restaurant, with a 3 bedroom appartment above it.
https://www.realty.com/commercial-listings/346892599/7100-N-Manitou-Trail-Northport-MI-49670
Competition
We have seen consistent growth year after year, as this area is growing both seasonally and year round. Leelanau county is gaining national attention as one of the most beautiful places in the world, that is showing in new customers daily.
Growth & Expansion
We have recently rehabed an old barn on the back of the property that would make for an amazing event space for the next owner. There is plenty of versatile space outside.
Financing
Seller Financing Financing available with half down.
Support & Training
We will stay on as long as needed to ensure a smooth transition, along with key employees. This has been in my family for over 50 years and care deeply about it being successful for the next person.
Reason for Selling
We are ready for a new chapter after doing this for our lifetime.
BUSINESS LOCATION
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