Sportsman Restaurant & Lounge in Whittemore

Business Opportunity for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30049162
Property Subtypes: Food and Beverage
Building Size (RSF): 3,000 SF
Sale Price: $175,000
Name of Establishment: Sportsman Restaurant & Lounge
Year Business Established: 2001
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Sale price plus inventory of approximately $10,000
Last Updated: 12/15/2017

Overview / Comments

Well established local restaurant and lounge with a captured market in Whittemore and travelers on M-65. Seating capacity of 75 with a southern side yard patio for summer enjoyment. Built in 1970 with a lot size of 65' x 135' and a 8' x 12' shed at the back of the building for additional storage. There is well and septic with a Culligan water softener. Camera and security system also on site. 2016 assessed and taxable value on the real estate was $31,800 or total value of $63,600 with annual real estate taxes of $1,412. Very clean and well maintained. Inventory of approximately $10,000 in addition to sale price.

Additional Details

County: Iosco
Industry Segment: Bars and Taverns
Reason for Selling: Retirement of owners.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,613 1,613
Median Age: 45.99 45.99
Households: 665 665

Contact

Photograph of Listing Agent

Sandra J. Covaleski, CCIM

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