Irish Pub Downtown Saugatuck, Michigan

Saugatuck, MI (Allegan County)

Seller Financing Available
Chequers Bar & Restaurant
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Asking Price: $299,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $3,600 /Month

Established: 1982

Irish Pub Downtown Saugatuck, Michigan

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Business Description

Amazing Pub Opportunity with Full Class-C Liquor License w/Carryout!

Chequers Pub and Restaurant was a year-round mainstay in downtown Saugatuck for over 30 years! Now, a local real estate developer is looking for a restaurant entrepreneur to take this once-popular central hotspot to the next level – for the Next 30 years!

Chequers was run as an English Pub, featuring traditional English fare. But this classic pub buildout is perfectly suited for an Irish Pub as well. The business is offered with a fully-equipped kitchen, newly installed HVAC, beautiful coved ceilings, custom-built hand-carved European wood bar with brass foot rails, authentic vintage imported fixtures, and a cozy fireplace!

To build out a restaurant/pub like this would cost close to double the asking price. All equipment has been professionally inspected and cleaned and is in excellent working order.

Also available is an additional 840 sq. foot retail space connected to the pub that can be rented with no additional upfront purchase cost. This space is perfect for a deli, carryout liquor store, promotional pub items/gift shop, or whatever you can dream up. The retail space currently matches the theme of the pub.

Developer/Landlord is willing to give favorable lease terms until the new owner gets their feet on the ground and operational for the 2020 season.

Saugatuck is a popular year-round destination, and for Chicago, is comparable to what the Hamptons is to NYC. Considered one of the most popular harbor villages in the United States, it's small-town America at its best! While visiting the downtown area, you can walk to almost everything. In Saugatuck, you can walk along the boardwalk looking at boats and explore the dockside, browse the many art galleries, take a ride on Lake Michigan in an old fashion paddlewheel boat, or enjoy a show at the Saugatuck Center for the Arts. At Wicks Park, every Wednesday in the summer, visitors enjoy a free outdoor concert. Visitors also enjoy the varied lodging options, vast attraction and entertainment options throughout the area, and the nightlife.

Known as the Art Coast of Michigan, Saugatuck embraces all the arts, including the Culinary Arts. Make Chequers your own and you're sure to be embraced by locals and visitors alike.

Attached Documents


Detailed Information

Location:
Saugatuck, MI
Real Estate:
Leased
Building SF:
1,444
Lease Expiration:
N/A
Facilities:
Complete restaurant/bar. See pictures. All tables, chairs, beer taps with new lines & taps cleaned ready for use. All equipment, including grills, range, ovens, walk-in cooler, all refrigeration (including behind bar), all have been professionally gone through and in good working order. Most other items necessary to run the restaurant are still there, including dishes, bowls, trays, slicer, etc. Way too much to list!
Competition:
Restaurant/Pub is in Downtown Saugatuck. The building is located in one of the busiest parts of this nationally recognized resort destination. Perfectly located in the middle of some of the most popular businesses and restaurants in town. This is as prime as it gets!
Growth & Expansion:
Unlimited opportunities for seasoned chef, bartender, or couple with restaurant experience. Tremendous expansion opportunity utilizing the adjoining 840 sq ft retail space for complimentary business.
Financing:
Developer will consider favorable seller financing with at least 30% down.
Support & Training:
This is a turnkey restaurant/pub with Class C Liquor License that is currently closed to the public. There is no training that comes with the business.
Reason for Selling:
Developer keeping the real estate and looking to sell the business opportunity.
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Business Listed By:
Fred Gerigery

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