275 N Paw Paw Street

    Coloma, MI 49038
    • $525,000
    • STATUS: Active
    • ON SITE: 771 days
    • MLS #: 17045301
    UPDATED: 66 min ago
    $525,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,156
      SQFT
    • $244
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    1913
    County:

    School Ratings & Info

    School District:

    Description

    *SALES INCREASE 2017-2018: 11% * GROSS MARGIN 2017-2018: 15% * NET INCOME 2017-2018: 31%*This PROFITABLE and STABLE long-term restaurant/bar in downtown Coloma offers a terrific business opportunity! Located minutes from popular Paw Paw Lake and right in between the Lake Michigan resort areas of St. Joseph and South Haven, Coloma benefits from the area tourism. Beloved by locals who frequent it year-round, The Easy Street Inn is also a destination for visitors from all over. It is a turn-key establishment with a stellar reputation and everything you need to keep it going - from the kitchen equipment to the dishes. And oh yes, also the CLASS C LIQUOR LICENSE! With double digit increases in sales, gross profit and net income from 2017 to 2018 - and on track for another increase in 2019you'll have great cash flow. Make the most of your income opportunity by renting out the two apartments upstairs on an annual or seasonal basis.

    Monthly Payment Calculator

    © 2019 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2019-10-18T14:00:35.79.
    www.debstevenson.com/homes/76525284

    275 N Paw Paw Street Coloma, MI 49038

    • Price: $525,000
    • Status: Active
    • Updated: 66 min ago
    • MLS #: 17045301
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    2,156
    SQFT
    $244
    $/SQFT
    1913
    Built
    Neighborhood:
    Coloma City
    County:
    Berrien
    Area:
    Coloma School
    School District:
    Coloma
    Property Description
    *SALES INCREASE 2017-2018: 11% * GROSS MARGIN 2017-2018: 15% * NET INCOME 2017-2018: 31%*This PROFITABLE and STABLE long-term restaurant/bar in downtown Coloma offers a terrific business opportunity! Located minutes from popular Paw Paw Lake and right in between the Lake Michigan resort areas of St. Joseph and South Haven, Coloma benefits from the area tourism. Beloved by locals who frequent it year-round, The Easy Street Inn is also a destination for visitors from all over. It is a turn-key establishment with a stellar reputation and everything you need to keep it going - from the kitchen equipment to the dishes. And oh yes, also the CLASS C LIQUOR LICENSE! With double digit increases in sales, gross profit and net income from 2017 to 2018 - and on track for another increase in 2019you'll have great cash flow. Make the most of your income opportunity by renting out the two apartments upstairs on an annual or seasonal basis.
    Exterior Features

    Construction Type Block Driveway Paved Exterior Material Brick/Stone Finished Building Levels 2.00 Lot Dimensions 90X120 Number Of Buildings 1.00 Road Frontage 22.00 Roofing Rubber Street Type Paved Total Parking Spaces 30 Water Access No Waterfront No

    Interior Features

    Air Conditioning Central Below Grade Basement Heat Source Natural Gas Heat Type Forced Air Rentable Other Sq Ft 924.00

    Property Features

    Annual Property Tax 3103.00 Association Southwestern Michigan Association Of Realtors Business Includes EquipmentFurnitureInventoryLicensesReal Estate Commercial Type Business Opportunity Current Use Restuarant Documents Other Full Time Employees 4 Mineral Rights No New Construction No Ownership Proprietorship Part Time Employees 12 Sale Conditions None Sewer Public Tax Year 2016 Terms Available Cash/Conventional Uses Bar/Tavern/LoungeRestaurant Util Avl At Street CableElectricNatural GasPublic SewerPublic WaterTelephone Utilities Attached CableElectricNatural GasTelephone Water Public Zoning Commercial

    Listing provided courtesy of Dennis Bamber of Cressy & Everett Real Estate. © 2019 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
    © 2019 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2019-10-18T14:00:35.79.
     
    Deb Stevenson Group - Greenridge Realty
    300 S Rath
    Ludington MI, 49431