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


Photograph of Listing Agent

Sandra J. Covaleski, CCIM

© Copyright Commercial Property Information Exchange (CPIX). All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.