Iconic Flanagan’s Downtown Restaurant & Bar (Grand Rapids, MI)

Asking Price$450,000

Cash Flow
$285,000

EBITDA$106,000

Gross Revenue$1,400,000

Inventory$35,000
Not included in asking price
FF&E$44,000
Included in asking price
listing imageSave

Iconic Flanagan’s Downtown Restaurant & Bar (Grand Rapids, MI)


Asking Price$450,000

Cash Flow
$285,000

EBITDA$106,000

Gross Revenue$1,400,000

Inventory$35,000
Not included in asking price
FF&E$44,000
Included in asking price
Business Description
Business Summary

Located in the heart of downtown Grand Rapids, Michigan, Flanagan’s Restaurant & Bar has been a cherished landmark for over three decades. Renowned for its authentic heritage, delectable cuisine, and warm hospitality, this establishment embodies the true spirit of its native roots.

Founded over thirty years ago, the restaurant has undergone extensive renovations, blending modern charm with its timeless appeal. The current owners, inspired by the pub's enduring legacy, have invested significantly in updated equipment, furniture, and décor. This has enhanced the welcoming ambiance and solidified its position as a beloved community gathering place.

Today, Flanagan’s stands as a testament to the enduring spirit of hospitality, where old and new traditions blend seamlessly to create a vibrant and welcoming atmosphere for all.

Key Business Information
• Gross Sales Revenue exceeds $1,450,000
• Year Established: 1981
• Renovations: Extensive remodeling completed, with ongoing updates
• Upgrades Investment: Over $400,000 invested in upgrades
• Location: Prime downtown Grand Rapids, near The Amway Grand Plaza Hotel, JW Marriott, and DeVos Place, with over 6,000 vehicles passing daily
• Lease: Long-term lease in place

Investment Highlights
• Prime Location: Central downtown Grand Rapids, near DeVos Place, Van Andel Arena, and Rosa Parks Circle
• Affluent Customer Base: Well-established, loyal clientele
• Experienced Staff: Long-term, dedicated employees
• Upgraded Facilities: Comprehensive upgrades completed in 2014 and 2019, with ongoing improvements
• High-Quality Food & Service: Renowned for exceptional cuisine and service
• Reinvestment: Consistent reinvestment of profits into new equipment and upgrades

Growth Opportunities
• Event Hosting: Expand venue and convention events for corporate parties
• Increased Marketing: Boost marketing efforts to attract more customers
• Menu Expansion: Introduce new menu items
• Extended Hours: Open for lunch to increase revenue

Support & Training
The current owner will assist with the transition for an entire season following the sale.

Reason for Selling
Retirement & health concerns

Summary
This is a unique opportunity for a savvy investor or entrepreneur to acquire a thriving business with a loyal customer base and prime location. With its rich history, authentic atmosphere, and delectable cuisine, Flanagan’s Restaurant & Bar is poised for continued success.
About the Business
Real Estate
Owned or Leased
Leased
Listing Info
ID
2343394
Listing Views
2982

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Listing ID: 2343394 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.


Similar Listings
Kent County Class C Liquor License
$110,000Kent County Class C Liquor LicenseKent County, MI
McAlister's Deli
$425,000McAlister's DeliFeatured Franchise
Charleys Philly Steaks & Wings
$200,000Charleys Philly Steaks & WingsFeatured Franchise
Buona Restaurants
$300,000Buona RestaurantsFeatured Franchise
Thriving Fro Yo/ Ice Cream Shop
$375,000Thriving Fro Yo/ Ice Cream ShopGrand Rapids, MI
Jon Smith Subs
$100,000Jon Smith SubsFeatured Franchise
Kent County Class C Liquor License
$110,000Kent County Class C Liquor LicenseKent County, MI
McAlister's Deli
$425,000McAlister's DeliFeatured Franchise
Charleys Philly Steaks & Wings
$200,000Charleys Philly Steaks & WingsFeatured Franchise