For Sale

Mertens Prime Restaurant – Grand Rapids, MI

Business Category: Bars, Business Real Estate, Catering, For Lease, Miscellaneous Retail, Miscellaneous Services, Other Business Services, Other Eating & Drinking Places, Other Personal Services, Restaurants, Retailing Businesses, Service Businesses
Location: Michigan

Listing Price:


Revenue: $1,760,000

Cash Flow: $133,238

Financing Terms: Limited seller-financing is available for qualified buyers.

Real Estate Available: For Lease
Reason For Sale: Ownership has been focusing on other business ventures since 2022.
Number of Employees: 10 Full-Time Equivalent Employees (25 Employees in Low-Season, up to 45 employees in High-season)

Mertens Prime Restaurant is comprised of three distinct restaurant spaces, all offering different culinary experiences. Situated in a historical building, the facility features many 100+ year old historical elements including beautifully tiled flooring and intricate woodwork, providing patrons with a memorable dining experience.

The business can be acquired for $450,000 and the assumption of a long-term, low interest rate EIDL loan. The EIDL loan offers much better terms than traditional acquisition financing methods.

The first restaurant boasts a fine dining menu, the second features a full-service rooftop, and the third is a charming café. In addition to its diverse culinary offerings, this establishment provides event-hosting, catering to both leisure and business clients.

Benefitting from its well-established presence, the business enjoys widespread recognition among locals, allowing it to generate significant revenue with minimal marketing efforts. The current owner’s strong desire to sell has created an attractive financial opportunity for a buyer.

Opportunities for Growth

(1) Reopen Café Space: Café space is currently closed due to the owner’s focus on other business ventures.

(2) Increase Marketing Efforts: Implementation of email and social media marketing.

(3) Reintroduce Brunch & Other Services: Currently inactive due to the owner’s focus on other business ventures.

Investment Highlights

(1) Prime Location: Located in a busy downtown area.

(2) Diverse Dining in a Singular Location: The facility features three distinct restaurant venues.

(3) Well-Established in the Local Area: Popular amongst both locals and tourists.

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