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Turn-key established restaurant and bar once again available

Saugatuck, MI
Sidewalk cafe dining
Sidewalk cafe dining
Asking Price:$275,000
Inventory:$15,000
FF&E:$135,000
Gross Revenue:$550,000
Rent:$2,933/Month
Established Year:2012
Listing ID: 2182293Listing provided by BizBuySell
BUSINESS DESCRIPTION

Includes liquor license, fully equipped, & all intellectual property

RECENTLY PLACED BACK ON THE MARKET!!! A longtime, currently operating, profitable, full-service restaurant and bar in an idyllic, highly sought-after location in a major tourist destination, Downtown Saugatuck, MI. High-traffic, waterfront views with sidewalk cafe dining, offering a full menu, dine-in, takeout, and delivery service. The business includes a class "C" and takeout liquor license, is fully and generously equipped, and can be a turn-key operation as-is including casually elegant decor, all intangible intellectual property, business name, menu, recipes, solid business reputation, customer base, and goodwill, or buyers can easily make it their own, unique concept, in a hard-to-obtain, fabulous space and location. It's located on the main street in town, next door to the city's largest public parking lot, overlooking beautiful Coughlin Park and the Kalamazoo Riverfront with breathtaking views. Current owners will do everything you need to ease the transition into the business, or hand you the keys to the space and walk away - your choice.

DETAILED INFORMATION
Location
Saugatuck, MI
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,400
Lease Expiration
01/03/2030
Employees
10
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Sale includes 1400 sq ft assumable lease, Class "C" liquor license and takeout license(dependant on purchaser's approval by the MLCC), all commercial restaurant equipment, fixtures, small wares, furnishings, & decor, and inventory (negotiable at buyer's needs and interests), intangible assets including intellectual property, business name, menu, recipes, reputation, long-term established local and tourist customer base, and goodwill. The kitchen, bar, and dining room are all fully licensed, permitted, and legal as is by all relevant regulatory agencies.
Competition
The business is a successful and popular, year-round, long-established local favorite and tourist destination. Saugatuck has a huge summer influx of tourists, but there is a solid and loyal year-round local crowd as well. The space is in a highly desirable market and location in the downtown Saugatuck business district to which it's hard to enter and difficult to gain access. The space is currently fully zoned, permitted, licensed, and compliant for most restaurant and/or bar-type businesses.
Growth & Expansion
There is huge potential for growth with longer hours - especially adding a breakfast menu, a bigger bar with the possibility of adding televised sports greatly increasing currently unrealized bar sales potential, and adding late-night sales which are almost non-existent in this market and highly desired by locals and tourists.
Financing
Cash sales only
Support & Training
The current hands-on owners will, at the buyer's request, provide full support, training, and staffing help for a limited time to successfully transition the business as is on a turn-key basis from day one, or, at the buyer's preference, hand them the keys to the space and walk away. Their choice.
Reason for Selling
Retirement
BUSINESS LOCATION
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Charles Myers
Phone Number
Charles Myers
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