Asking Price: $297,500

Gross Revenue: $199,000

Seller Financing: The Sellers are not offering to finance the purchase price. Commercial financing is available with a local bank lender under the SBA small business loan program. MCA will assist a buyer with loan proposal development to secure financing at no fee to the buyer.

Middle Ridge Tavern is your traditional neighborhood tavern and it was a local favorite. The tavern is 5 miles West of Newport and 4 miles North of New Bloomfield: located about ½ mile west from the town square in New Bloomfield, then right on Cold Storage Road (sign of Ickesburg), then go 4 miles to Middle Ridge and then left to the second building on your left. The tavern sits on 1.57 acres of land on two tracts. The building is over 75 years old and the first floor was completely remodeled 3 years ago, including the addition of central air. The second floor was an apartment but is now used as storage. The purchase price includes the real estate; the furniture, fixtures and equipment of the business; and the PLCB License. The Equipment list is attached to this profile. The Tavern seats 70 and has parking for 40 to 50 vehicles. There is a bar area, two dining rooms and a rear deck. This is a charming property with loads of promise for a new hands-on owner/operator.

Facilities: The building is over 75 years old and the first floor was completely remodeled 3 years ago, including the addition of central air. The second floor was an apartment but is now used as storage.

Market Outlook and Competition: This is an opportunity for a new on-site owner operator to reopen a turnkey Tavern with their one tavern theme and menu. The acquisition cost is very reasonable and the upside potential is tremendous.

Reason For Selling: The owners closed the business for personal reasons.