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Browse More Listings in Retail For Sale, Grand Rapids, MI or Michigan

Retail Property For Sale

Grand Rapids Sports Bar Confidential Sale

22 Pearl Street SW, Grand Rapids, MI 49503

Price:
$1,200,000
Building Size:
12,000 SF
Price/SF:
$100
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Business For Sale
No. Stories:
2
Year Built:
2005
Find Out More...

Last Verified 10/12/2009 Listing ID 16304672

Highlights

HIGH VOLUME STORE
CLASS C LIQUOR LICENSE
GREAT DEMOGRAPHICS

Large Venue
Bar / Nightclub / Restaurant in Grand Rapids
Loyal Client Base

Description

CONFIDENTIAL SALE - ADDRESS MASKED TO MAINTAIN CONFIDENTIALITY. Beautiful, immaculate Party Bar with full kitchen and real food. Bar, Dining Rooms, Banquet Room (separate floor) and Dance Floor with DJ Booth all state of the art. Great decorations and finish level with great reputation in the Grand Rapids extended area as the place to have fun. Lower level has extensive storage and prep. Office is also located on lower level. Average Sales over the last 3 years greater than $3,000,000.00 with Average Income over $750,000.00!!!! Last year over $300,000.00 of liquor purchased (according to the MLCC website. With 54 employees (including management and Banquet Coordinator) and all the systems in place to keep food, beverage and labor cost in control, this is truly a turn-key operation! Financing may be available for the right buyer (with half down and the appropriate guarantee).

Great location in high traffic area near Arena

Map of 22 Pearl Street SW, Grand Rapids, MI 49503 (Kent County)

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Presented by

THOMAS HOSPITALITY GROUP

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Contact Listing Broker

THOMAS HOSPITALITY GROUP (248) 866-4855

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Created 7/3/2009

Additional Information for 22 Pearl Street Nw, Grand Rapids, MI 49503

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Grand Rapids Sports Bar Confidential Sale

22 Pearl Street SW, Grand Rapids, MI, 49503