Beloved Entertainment Venue with Desirable Real Estate

NOVEMBER 22, 2024

We are delighted to present this attractive opportunity to own a West Michigan business with a rich history and deep community roots. With retirement on the horizon, current ownership is looking to transition this multifaceted entertainment space featuring multiple bars, outdoor live music venue, multiple seating both indoors and out, with the bonus perk of USBC certified bowling lanes for both the recreational and league bowler. This is a perfect year-round venue for hosting groups, reunions, corporate parties, and other events.

Located in a growing and sought-after West Michigan Suburb, this 6,500 sqft facility and its neighboring parcel (parking lot) are a great addition to this business opportunity and included in the offering. Many improvements to include the addition of patio seating, a covered pavilion, band shell, and walk-up bar on the outside are complemented by a new roof, flooring, central air conditioner and heating unit, and plumbing and electrical updates on the interior.

Current ownership has invested significant time and money into not only updating the property itself but also the business operations. On the surface you may see a bar or entertainment venue, however, behind the scenes the operational approach mimics what we typically see in a high-brow manufacturing. Documentation, SOPs, and employee training all come together to make one “well-oiled machine”. Fair market wages, paid time off, and established systems have led to a high rate of employee retention which translates to high customer satisfaction.

While serving drinks, booking private events, summer jam sessions on the patio, and fall bowling leagues are a part of the business model so is community involvement. The fundraising and philanthropic endeavors that this business helps to facilitate along with its support of other local organizations truly sets it apart from the crowd.

Now let's talk numbers. This value-packed opportunity, priced at $1,450,000 is the sum of three key components: (1) Desirably located Real Estate which has seen numerous updates over the last few years. (2) The enterprise value and goodwill of the business which includes an experienced staff, fixed assets, and equipment. (3) Beer, wine, and liquor inventory along with multiple licenses and permits (Class C liquor license, additional bar permit, dancing, entertainment, Sunday pm sales, lottery, food service, music licenses).

The sellers anticipate an asset sale in which they retain cash and the minimal A/R while retiring all liabilities. The buyer receives all furniture & fixtures, all fixed assets, inventory, licenses, and real estate. In addition, the sellers will hold a meaningful six figure seller note for a qualified buyer.

Contact Ryan Johnson at Praxis Business Brokers (269-338-9809 or rjohnson@praxisbusinessbrokers.com) today to learn more about this excellent business opportunity.

Asking: $1,450,000
Cash flow: $368,557
Gross: $514,000
Reference ID RJ102824
Location(s): West Michigan
Categories: Entertainment

Contact information

Ryan Johnson
rjohnson@praxisbusinessbrokers.com
269-338-9809