Popular & Profitable Downtown Restaurant & Bar (Grand Rapids, MI)

Popular Downtown Grand Rapids Bar For Sale

Business Summary

Nestled in the heart of downtown Grand Rapids, Michigan, this popular, profitable restaurant and bar has been a cherished landmark for over three decades. Renowned for its authentic native heritage, delectable cuisine, and warm hospitality, this place embodies the true spirit of its heritage.

Founded over thirty years ago, the establishment has undergone extensive renovations, imbuing the space with modern charm while preserving its timeless appeal. The current owners took over, inspired by the pub's enduring legacy and the previous owners' passion. They invested in updated equipment, furniture, and décor, further enhancing the place's welcoming ambiance and solidifying its position as a beloved community gathering place.
Today, the restaurant and bar stand as a testament to the enduring spirit of its native hospitality, where old and new traditions blend seamlessly, creating a vibrant and welcoming atmosphere for all who enter its doors.

Key Business Information
• Gross Sales Revenue 2022: $1,439,769/ SDE $285,000
• Year Established: 1981
• Renovations: Extensive remodeling completed and further updates continued.
• Upgrades Investment: Over $400,000 invested in upgrades.
• Employee Wages: Salaries range from $600-$800 for managers; hourly wages for other employees start at minimum wage.
• Transition of Personnel: Current employees are willing to transition to new ownership; current owners are committed to supporting and training new owners.
• Advertising: Utilizes a multi-channel approach, including local newspapers, the internet, referrals, billboards, radio, television, and social media
• Food and Beverage Pricing: Determined based on costs and market competitiveness.
• The facility has a long-term lease, and over 6,000 vehicles pass daily.

Investment Highlights
• Prime downtown Grand Rapids, MI. Location in the center of it all, near Devos Place, Van Andel Arena, and Rosa Parks Circle
• Affluent customer base
• Loyal, long-term staff
• Upgraded facilities, upgraded in 2014 and again in 2019, with continued upgrades.
• High-Quality Foods & Service
• Owners have consistently reinvested profits back into the business for new equipment and upgrades.

Growth Opportunities
• Venue and Convention Events for corporate parties.
• Increase Marketing.
• Expand Menu
• Expand Hours and open during Lunch.

Support & Training: The owner will assist with the transition for an entire season following the sale.

Reason for Selling: Retirement & Health Concerns

Summary:
This popular restaurant and bar in downtown Grand Rapids, MI, is a unique opportunity for a savvy investor or entrepreneur to acquire a thriving business with a loyal customer base and a prime location. With its rich history, authentic atmosphere, and delectable cuisine, this place is poised for continued success.
If you are interested in learning more about this exciting opportunity, please get in touch with us today. We would be happy to provide you with additional information and answer any questions you may have.