Multi-Faceted Entertainment Venue with Liquor License

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.

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.

Operating out of a 6,500 sqft facility located on a high traffic corner in a desirable West Michigan Suburb, the real estate (included in the transaction) has seen many improvements in recent years. 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. 2 parking lots allow for ample parking and even hold their own potential for revenue generation as well.

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) The enterprise value and goodwill of the business which includes an experienced staff, fixed assets, and equipment. (2) 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). (3) Real Estate which has seen numerous updates over the last few years with investments of over $300K.

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 [email protected]) today to learn more about this excellent business opportunity.