A Profitable Waterfront Business with Real Estate Options

Asking Price$849,950

Cash Flow

EBITDANot Disclosed

Gross Revenue$552,812

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$400,000
Included in asking price
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A Profitable Waterfront Business with Real Estate Options


Asking Price$849,950

Cash Flow

EBITDANot Disclosed

Gross Revenue$552,812

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$400,000
Included in asking price
Business Description
Established Successful Restaurant and Bar Business
Riversedge Bar & Grill is a well maintained, income producing commercial property located in the heart of downtown Portland, Michigan, overlooking the scenic Grand River. This attractive mixed-use building offers a successful restaurant and bar operation, two residential rental apartments, and substantial storage space, making it and exception investment opportunity. The Riversedge Bar & Grill dining room and bar comfortably seat approximately 72 guests, with and additional 12 seat (potentially up to 20) on the outdoor patio. The kitchen is efficiently designed at approximately 16 feet by 25 feet providing an effective layout for food preparation and service. The main dining room and bar feature impressive 15' ceilings highlighted by a beautiful original pressed tin ceiling dating back to the late 1800's . This rare architectural feature adds warmth, historic charm, and character that is difficult to replicate, creating a memorable dining atmosphere while preserving the building's rich heritage. Guess enjoy convenient access to the outdoor patio through the dining room and bar area, exiting through a rear hallway onto one of the most scenic riverfront settings in downtown Portland. That addition is a valuable because historic architectural details like an original late-1800's pressed tin ceiling are attractive selling points for both buyer and customers. It helps distinguish Riveredge Bar & Grill from mor modern restaurant properties. Apartments: approximately 1,000 square feet each, Front apartment, approximately 1000 sq ft, two-bedroom layout, long term tenant occupying the unit for approximately 7-8 years. Rear apartment, approximately 1000 sq ft, one-bedroom layout, recently remodeled and occupied beginning December 2025, this apartment has beautiful view overlooking downtown Portland and the Grand River, fully furnished by owner of Riversedge Bar & Grill. This apartment has great potential with possible outdoor balcony deck for future improvements. Parking, customer parking is convenient and plentiful. Street parking is available directly in front of the building, public parking lot is located immediately across the street from entrance, additional public parking is with approximately 40 parking spaces is located across the river approximately 3-minute walk from back entrance. Recent improvements, the property has received numerous and recent upgrades, including: New commercial roof December 2025, Complete exterior front facade repainted, recalked, sealed, and restored to original look in July of 2026, Interior freshly repainted, Kitchen refrigeration replaced within the last 2-3 years, dining room floors rebuffed and restored, all dining room tables and chairs replaced since 2024, rear apartment remolded 2025. Central air installed 2021, New furnace installed 2023 The building is considered to be in excellent condition, reflecting continual investment and careful maintenance by ownership. The combination of a thriving restaurant and bar, quality residential rental income, significant storage capacity outstanding riverfront setting and numerous recent improvements makes the Riversedge Bar & Grill an exceptional turnkey business and real estate opportunity.
About the Business
Years in Operation
6
Employees
11 (6 Full-time, 5 Part-time)
Currently Home Based
Yes
Facilities & Assets
2000 sq foot bar, restaurant on first floor with 15' ceilings, 2-1000 sq foot apartments with 15 ' ceilings above restaurant, 2000 sq foot basement with 10 ft ceilings plenty of storage. Sale includes, kitchen equipment, list available, tables, chairs and all wall hangings located in dining room/bar area. All bar equipment, coolers, sinks utensils etc. Business established 2020, building purchased in 2022, since purchase improvements have been extensive, new liner roof installed December 2025, 10-year warranty, front of building repainted and restored to original in July 2026, Front of store remolded with new Anderson windows in 2023. Interior of store was remolded in 2020 prior to opening, New Bathrooms, Kitchen and dining area where remolded and upgraded. Central Air installed in September 2020, New furnace installed 2023, Walkin cooler built in 2023, One apartment remolded 2025 with furnishings. Both apartments occupied. Liquor license acquired in 2023, plenty of room for growth.
Market Outlook / Competition
Great opportunity for growth, restaurant establish 6 years ago, liquor license acquired 4 years ago and Keno 3 years ago, located along the scenic Grand River, the business benefits from an excellent location that attracts both local residents and visitors. Since opening, the business has developed the loyal customer base consisting primarily of adults 30 years of age and older. including professionals and middle -to upper-income clientele. The atmosphere has fostered a friendly, respectful, and personable customer base that has become one of the business's greatest strengths. Despite facing significand challenges, Riversedge Bar & Grill has remained consistently profitable. These challenges included: The covid 19 pandemic the first 2 years of operation, A vehicle accident in 2022 that caused major damage to the front of the building, Extensive street reconstruction in 2024 eliminating customer parking. Even through these obstacles, the business continued to operate successfully.
Opportunities for Growth
Premium Riverfront asset driving higher revenue performance, established cash-flowing brand with reduced acquisition risk, turnkey acquisition enabling immediate revenue continuity, scalable platform with clear upside and value-add potential. Downtown Social District enhancing traffic and revenue growth potential, this is new and has recently been passed by our local DDA. This structure allows a new owner to transition seamlessly into operations without disruption, ensuring immediate revenue continuity and minimizing downtime- key factors in accelerating ROI realization and reducing acquisition friction. Riversedge Bar and Grill presents multiple identifiable pathways for revenue expansion and value creation. Opportunities include extended operating hours, expanded event program, catering services, seasonal activation enhanced marketing initiatives. The existing infrastructure supports scalable growth without significant additional capital investment. Offering strong upside potential.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
4,000
About the Sale
Seller Motivation
5 restaurants/bars, 36 years in the business and the age of 71, Time to retire.
Transition Support
Will help in transitioning for 30 days if needed.
Listing Info
ID
2533786
Listing Views

Listing ID: 2533786 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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