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    1 Main

    Lake Orion, MI 48362
    • $399,900
    • STATUS: Active
    • ON SITE: 96 days
    • MLS #: 20034643
    UPDATED: 38 min ago
    $399,900
    • 0
      BEDS
    • 0.75
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,100
      SQFT
    • $190
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    1965
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Don't miss this highly profitable restaurant and bar for sale in an unbeatable location. The business generates over $224,000 in cash flow annually! The restaurant is well staffed with managers in place to oversee daily operations. The restaurant is situated along a major US highway, across from a new grocery store, and down the street from a highly trafficked mall. This prime location receives a plethora of traffic that will continue to bring business in.The real estate ($900K) is available.Opportunities For Growth: (1) Branding and Marketing: An advertising campaign targeting mall-goers could help to boost new customers. (2) Keno: The Restaurant just added Keno. This is expected to add $30,000 in revenue a year. Investment Highlights: (1) Location: The restaurant operates in a strong, suburb market where dine-in restaunts have thrived for decades. (2) Brand Image and Consistent Profitability: The Restaurant is a staple in the Metro Detroit area. (3) Excellent Condition of Building & Property: The owners have invested time and effort to properly maintain the restaurant's facility. (4) High Ratings & Raving Reviews: Strong customer reviews keep clientele coming back and also serve to bring in more new customers. 4.7/5 on Facebook! Real Estate Value: $900,000 Real Estate Available: For Sale Reason For Sale: Personal reasons Number of Employees: 17

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    © 2020 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2020-11-27T23:59:51.94.
    www.yourkzooagent.com/homes/109276442
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    1 Main Lake Orion, MI 48362

    • Price: $399,900
    • Status: Active
    • Updated: 38 min ago
    • MLS #: 20034643
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.75
    Acres
    2,100
    SQFT
    $190
    $/SQFT
    1965
    Built
    Neighborhood:
    Lake Orion Vlg
    County:
    Oakland
    Area:
    Out Of Area
    School District:
    Lapeer
    Property Description
    Don't miss this highly profitable restaurant and bar for sale in an unbeatable location. The business generates over $224,000 in cash flow annually! The restaurant is well staffed with managers in place to oversee daily operations. The restaurant is situated along a major US highway, across from a new grocery store, and down the street from a highly trafficked mall. This prime location receives a plethora of traffic that will continue to bring business in.The real estate ($900K) is available.Opportunities For Growth: (1) Branding and Marketing: An advertising campaign targeting mall-goers could help to boost new customers. (2) Keno: The Restaurant just added Keno. This is expected to add $30,000 in revenue a year. Investment Highlights: (1) Location: The restaurant operates in a strong, suburb market where dine-in restaunts have thrived for decades. (2) Brand Image and Consistent Profitability: The Restaurant is a staple in the Metro Detroit area. (3) Excellent Condition of Building & Property: The owners have invested time and effort to properly maintain the restaurant's facility. (4) High Ratings & Raving Reviews: Strong customer reviews keep clientele coming back and also serve to bring in more new customers. 4.7/5 on Facebook! Real Estate Value: $900,000 Real Estate Available: For Sale Reason For Sale: Personal reasons Number of Employees: 17
    Exterior Features

    Construction Type Frame/Wood Finished Building Levels 1.00 Lot Dimensions 200 X 200 Number Of Buildings 1.00 Road Frontage 200.00 Waterfront No

    Interior Features

    Heat Source Natural Gas Heat Type Forced Air

    Property Features

    Annual Property Tax 0.00 Association West Michigan Lakeshore Association Of Realtors Business Includes EquipmentFurnitureLicenses Commercial Type Business Opportunity Current Use Restaurant New Construction No Ownership Llc Sale Conditions None Sewer Public Tax Year 2020 Terms Available CashConventional Uses Bar/Tavern/LoungeRestaurant Util Avl At Street None Utilities Attached None Water Public

    Listing provided courtesy of Douglas J Yntema of Assist 2 Sell Buyers & Sellers. © 2020 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
    © 2020 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2020-11-27T23:59:51.94.
     
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    Jennifer Lane-Alwan
    1601 W Centre Ave
    Portage MI, 49024