Polish Falcons Banquet Hall & Bar Southgate - Deep Discount

Southgate, MI (Wayne County)

Seller Financing Available
Deeply Discounted Business & Real Estate

Asking Price:$50,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:$15,000

Inventory:N/A

Real Estate:$115,000

Established:1950

Polish Falcons Banquet Hall & Bar Southgate - Deep Discount

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Business Description

This is a business with some major growth opportunity. It is well known in the community and the facilities are capable of entertaining 200+ guests. With a full scale kitchen and an attached cozy bar for members, you may just never want to go home again! The establishment is currently run as a non profit by the members of the organization, but they have other priorities that are demanding their attention.Seller financing is available with only 50K down and at preferred terms.

There is no liquor license included in this sale, if one is desired it will need to be acquired by the buyer.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
6,000
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
A staple of the community, this banquet hall has been serving the local community for multiple generations. It is a perfect location that has ample parking to take care of any size event. The building has been well maintained and can be operated as is, or a motivated new owner could easily give it a complete makeover to fit their needs. A full service kitchen and separate lodge bar, all the equipment is included in the sales price and is functional. Please contact broker for a full equipment list or other details. 6,000 Sq. Ft. 25+ Parking Spaces 20 Tables Full Kitchen - Stove, Freezers, Tap, Fire Suppression System, Etc. 200 + Plates & Glasses
Competition:
Although there are several other banquet halls in the area, none are advertising very much. The current rental pricing is extremely low and at a price point like this the new owner will be able to maintain this if desired; squeezing out the rest of the competition.
Growth & Expansion:
The catering side of the business is where there is some real opportunity here. This facility is absolutely perfectly suited for it already, and can start earning the new owner consistent cash flow from day one. The real estate is also conducive to a number of other professional office settings, please contact broker in order to schedule a showing in order to see for yourself.
Financing:
50K Down
Support & Training:
Current Owners are willing to stay on for extended terms if needed.
Reason for Selling:
Retirement & Health Concerns
Business Website:
http://polishfalcons79southgate.com/

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Richard Goodman

Business Listed By:
Richard Goodman

Equation Capital Group

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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