Business Listing

Mertens Prime Restaurant - Grand Rapids, MI

Mertens Prime Restaurant is comprised of three distinct restaurant spaces, all offering different culinary experiences. Situated in a historical building, the facility features many 100+ year old historical elements including beautifully tiled flooring and intricate woodwork, providing patrons with a memorable dining experience.

The business can be acquired for $450,000 and the assumption of a long-term, low interest rate EIDL loan. The EIDL loan offers much better terms than traditional acquisition financing methods.

The first restaurant boasts a fine dining menu, the second features a full-service rooftop, and the third is a charming café. In addition to its diverse culinary offerings, this establishment provides event-hosting, catering to both leisure and business clients.

Benefitting from its well-established presence, the business enjoys widespread recognition among locals, allowing it to generate significant revenue with minimal marketing efforts. The current owner’s strong desire to sell has created an attractive financial opportunity for a buyer.
Industry
Food and Beverage, Retail Stores
Segment
Restaurant, Bar, Cafe,
Asking Price
$450,000.00
Ref ID
844
Established
0
# of Employees
10
Full Time Employees
0
Part Time Employees
0
Gross Revenue
$1,760,000.00
Cash Flow Type
Seller's Discretionary Earnings
Cash Flow
$133,238.00
Other Value
$0.00
FF&E
$105,000.00
AP/AR
$0.00
Real Estate in Asking
Inventory in Asking
Yes
Inventory
Equipment
Real Estate
Facilities
Historic building that features two dining rooms, small café area, large kitchen, and rooftop with a bar and small kitchen. Operator-controlled lease term through 2041. 6.5% of sales for rent, 1.5% for CAM or $7,200 whichever is greater.
Broker/Seller

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