Asking Price: $349,500

Gross Revenue: $360,000

Gross Revenue Comments: Could Double

Inventory: $20,000 (Not Included in Asking Price)

FF&E: $100,000 (Included in Asking Price)

Real Estate: $500,000 (Included in Asking Price)

Seller Financing: Owner will consider a 2nd mortgage and other financing options

Surrey House Restaurant & Saloon is an historical landmark located in downtown Harrison Michigan. Constructed in 1881, the building since that time has served as a hotel and restaurant. This historical three-story building has personality plus, excellent cuisine, service and is open for lunch and dinner. The 12,900 sq ft remodeled building has dining and banquet facilities with seating for over 250. Current owners have spent close to $100,000 in remodeling over the last two years, including $20,000 in new windows, state of the art HVAC heating system and much more. The second floor has a four-bedroom apartment in the west wing and several one-bedroom units with common bath in the east wing. The third floor is as it was, right down to the wood floors and is yours to explore. The current owners have other business interests and are not restaurant people, they have built the sales up too over $360,000 yearly but there is no reason new owners could double those sales. The seller’s loss could be your gain. This is truly one a kind opportunity for you to own a piece of history and a working gold mine. For more details and photos please go to our web site: gaylord.statewiderealestate.net or e-mail us at joewalkerbroker@yahoo.com or call the office at 989-732-0443 for much more information. Owners will consider 2nd mortgage and other financing options.

Year Established: 1881

Employees: 1 full time - 11 part time

Facilities: 12,900 sq ft 3 story building, Commercial Building Valuation for insurance at $938,632. First floor has been remodeled, large modern kitchen with up-dates.

Market Outlook and Competition: You are the competition! Current owners are not open in the morning and perhaps a change in the menu or making the menu more affordable to the general public could increase sales. Also promoting the banquet facilities could increase business and sales.

Management Training and Support: 30 days

Reason For Selling: Other business interest