Landmark Restaurant

Price: $495,000

Location: Antrim County, Michigan

Industry: Restaurant

Listing ID: CK080217DM

Status: Active

Listing Description

The Hacienda is a landmark restaurant and lounge just south of Elk Rapids. Spacious and immaculate updated kitchen with an additional sous kitchen; solid mechanicals; walk-in cooler and freezer; loads of parking. Dining room seats 68 or more; lounge seats 66 plus 15 bar seats and a 20′ x 20′ dance floor. Sale includes real estate, fixtures, equipment, Class C Liquor License, Carry Out Beer/Wine License, Entertainment License, Food Processing License, Lottery/Keno. Keep the Mexican theme or remake into a new foodie sensation in a great location.

Listing Details

Total Sales: $300,643

(Included in Price)

Real Estate: $495,000 (Included in Price)

Reason For Sale:

After 40 years, owners would like to sell and retire.

Operation

Year Established: 1984

Days & Hours of Operation: 11:00am - 10:00pm

Location

Square Footage: 4500

Facilities Information:

Address: 11324 S US-31, Elk Rapids, Michigan - Antrim County; US-31 S, just south of Elk Rapids on the West Side of the highway.
Business Type: Restaurant/Food Service
Square Footage: 4,950
Built: 1950
Acres: 1.5
Bathrooms: 2
Location: Freestanding
Construction: Frame
Basement: Slab
Roof: Membrane
Heat/Cooling: Natural Gas / Central Air
Water: Private Well
Waste: Private Septic
Zoning: Commercial
Road: Public Maintained, Concrete
Possession: Negotiable

Summary

Competition:

Located just south of Elk Rapids. Main competition is from Mexican establishments in Traverse City. Elk Rapids has 3 main competitors: Pearls, Siren Hall & River Walk.

Potential Growth:

With a new theme and new owner energy there is great potential. Average daily traffic count =9,100.

Financing/Terms:

Commercial Loan or Cash