business for sale - locations€¦ · 2000-2010 census, 2017 estimates with 2022 projections...

Sports Bar & GrillMacomb County, MI

Business For Sale

Disclosure: We obtained this information from sources we believe to be reliable; however, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property or business. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

Summary:• Unique Opportunity - turn-key sports bar on busy corner!• Full menu, pizza, liquor and a variety of beer on tap.• Liquor license included in asking price.• Seller financing available.• Asking: 275,000

Locations Commercial Real Estate Services32000 Northwestern Highway, Ste. 275Farmington Hills, MI 48334248-516-7777 • www.LocationsMI.com

Contact: Paul HabbaDirect: [email protected]

Sports Bar & Grill Macomb County, MI

Details:• Rare opportunity to own a state-of-the-art bar and grill.

• Approx. $1,000,000 buildout; get in at a fraction of the cost to build new.

• Keep the current name and menu or create something different - ideas are endless and so are the opportunities.

• Current owners do minimal to zero marketing; with a strong marketing/advertising campaign purchaser can build up business tremendously.

• 3,500 SF, 150-seat capacity - caters to all the local sports fanatics.

• Lots of flat screen TVs, Keno, dart boards and digital jukebox.

• Pizza and full kitchen menu, plus many different beers on tap.

• Located on a busy corner - plenty of parking.

• Traffic count: 26k ADT

• Price includes the liquor license.

• Seller will entertain all reasonable offers.

• Asking: $275,000 - seller financing available.


Demographic Source: Applied Geographic Solutions 04/2017, TIGER Geography page 1 of 5©2017, Sites USA, Chandler, Arizona, 480-491-1112

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EXPANDED PROFILE2000-2010 Census, 2017 Estimates with 2022 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 42.5394/-82.9523RF5

1 mi radius 3 mi radius 5 mi radius

PopulationEstimated Population (2017) 10,459 111,755 306,039Projected Population (2022) 10,567 113,921 311,720Census Population (2010) 10,311 111,288 304,070Census Population (2000) 10,791 114,148 310,889Projected Annual Growth (2017 to 2022) 108 0.2% 2,166 0.4% 5,681 0.4%

Historical Annual Growth (2010 to 2017) 148 0.2% 467 0.1% 1,969 0.1%

Historical Annual Growth (2000 to 2010) -480 -0.4% -2,860 -0.3% -6,819 -0.2%

Estimated Population Density (2017) 3,331 psm 3,954 psm 3,898 psm

Trade Area Size 3.14 sq mi 28.26 sq mi 78.51 sq mi

HouseholdsEstimated Households (2017) 4,581 48,266 131,001Projected Households (2022) 4,735 50,227 136,249Census Households (2010) 4,405 46,840 126,901Census Households (2000) 4,306 47,238 127,779Estimated Households with Children (2017) 1,206 26.3% 12,725 26.4% 34,832 26.6%

Estimated Average Household Size (2017) 2.26 2.30 2.32

Average Household IncomeEstimated Average Household Income (2017) $72,107 $64,264 $64,426Projected Average Household Income (2022) $87,749 $79,404 $80,336

Estimated Average Family Income (2017) $93,750 $78,156 $77,408

Median Household IncomeEstimated Median Household Income (2017) $61,165 $54,275 $55,194Projected Median Household Income (2022) $71,897 $63,705 $64,881

Estimated Median Family Income (2017) $79,980 $67,952 $69,240

Per Capita IncomeEstimated Per Capita Income (2017) $31,640 $27,798 $27,632Projected Per Capita Income (2022) $39,376 $35,051 $35,167Estimated Per Capita Income 5 Year Growth $7,736 24.4% $7,253 26.1% $7,535 27.3%

Estimated Average Household Net Worth (2017) $469,860 $365,540 $366,513

Daytime Demos (2017)Total Businesses 575 3,811 10,326Total Employees 5,579 42,482 135,923Company Headquarter Businesses 3 0.5% 13 0.3% 44 0.4%

Company Headquarter Employees 249 4.5% 738 1.7% 7,208 5.3%

Employee Population per Business 9.7 11.1 13.2Residential Population per Business 18.2 29.3 29.6



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Lat/Lon: 42.5394/-82.9523RF5


Race & EthnicityWhite (2017) 9,147 87.5% 90,461 80.9% 247,780 81.0%Black or African American (2017) 758 7.3% 14,386 12.9% 39,154 12.8%American Indian or Alaska Native (2017) 41 0.4% 356 0.3% 903 0.3%Asian (2017) 267 2.6% 3,492 3.1% 9,795 3.2%Hawaiian or Pacific Islander (2017) 1 - 17 - 47 - Other Race (2017) 25 0.2% 487 0.4% 1,311 0.4%Two or More Races (2017) 220 2.1% 2,556 2.3% 7,048 2.3%

Not Hispanic or Latino Population (2017) 10,217 97.7% 109,104 97.6% 298,944 97.7%Hispanic or Latino Population (2017) 242 2.3% 2,651 2.4% 7,094 2.3%Not Hispanic or Latino Population (2022) 10,235 96.9% 110,299 96.8% 302,031 96.9%Hispanic or Latino Population (2022) 332 3.1% 3,622 3.2% 9,689 3.1%Not Hispanic or Latino Population (2010) 10,110 98.1% 109,022 98.0% 298,075 98.0%Hispanic or Latino Population (2010) 201 1.9% 2,266 2.0% 5,995 2.0%Not Hispanic or Latino Population (2000) 10,641 98.6% 112,682 98.7% 306,844 98.7%Hispanic or Latino Population (2000) 150 1.4% 1,467 1.3% 4,046 1.3%Projected Hispanic Annual Growth (2017 to 2022) 90 7.4% 971 7.3% 2,595 7.3%Historic Hispanic Annual Growth (2000 to 2017) 92 3.6% 1,184 4.7% 3,049 4.4%

Age Distribution (2017)Age Under 5 455 4.4% 5,616 5.0% 15,824 5.2%Age 5 to 9 Years 469 4.5% 5,703 5.1% 15,586 5.1%Age 10 to 14 Years 651 6.2% 6,282 5.6% 17,262 5.6%Age 15 to 19 Years 720 6.9% 6,721 6.0% 18,302 6.0%Age 20 to 24 Years 591 5.6% 6,801 6.1% 18,979 6.2%Age 25 to 29 Years 650 6.2% 7,366 6.6% 20,462 6.7%Age 30 to 34 Years 535 5.1% 6,699 6.0% 18,750 6.1%Age 35 to 39 Years 534 5.1% 6,255 5.6% 17,501 5.7%Age 40 to 44 Years 677 6.5% 6,760 6.0% 18,283 6.0%Age 45 to 49 Years 753 7.2% 7,365 6.6% 20,353 6.7%Age 50 to 54 Years 871 8.3% 8,228 7.4% 23,052 7.5%Age 55 to 59 Years 856 8.2% 8,189 7.3% 23,021 7.5%Age 60 to 64 Years 769 7.4% 7,388 6.6% 20,315 6.6%Age 65 to 74 Years 1,061 10.1% 12,227 10.9% 30,816 10.1%Age 75 to 84 Years 519 5.0% 6,638 5.9% 18,087 5.9%Age 85 Years or Over 345 3.3% 3,514 3.1% 9,449 3.1%Median Age 43.5 42.4 42.0

Gender Age Distribution (2017)Female Population 5,606 53.6% 58,707 52.5% 159,761 52.2%

Age 0 to 19 Years 1,101 19.6% 11,764 20.0% 32,444 20.3%Age 20 to 64 Years 3,281 58.5% 33,562 57.2% 92,532 57.9%Age 65 Years or Over 1,224 21.8% 13,381 22.8% 34,785 21.8%

Female Median Age 46.5 44.7 44.0

Male Population 4,853 46.4% 53,048 47.5% 146,278 47.8%Age 0 to 19 Years 1,195 24.6% 12,558 23.7% 34,529 23.6%Age 20 to 64 Years 2,956 60.9% 31,491 59.4% 88,183 60.3%Age 65 Years or Over 701 14.5% 8,998 17.0% 23,566 16.1%

Male Median Age 40.2 40.0 39.9



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Lat/Lon: 42.5394/-82.9523RF5


Household Income Distribution (2017)HH Income $200,000 or More 221 4.8% 1,135 2.4% 2,595 2.0%HH Income $150,000 to $199,999 237 5.2% 1,885 3.9% 5,445 4.2%HH Income $100,000 to $149,999 677 14.8% 5,927 12.3% 16,791 12.8%HH Income $75,000 to $99,999 538 11.7% 6,197 12.8% 17,986 13.7%HH Income $50,000 to $74,999 763 16.6% 10,107 20.9% 27,270 20.8%HH Income $35,000 to $49,999 740 16.1% 7,469 15.5% 19,585 15.0%HH Income $25,000 to $34,999 409 8.9% 5,146 10.7% 14,302 10.9%HH Income $15,000 to $24,999 493 10.8% 5,160 10.7% 13,846 10.6%HH Income Under $15,000 505 11.0% 5,239 10.9% 13,181 10.1%

HH Income $35,000 or More 3,175 69.3% 32,720 67.8% 89,672 68.5%HH Income $75,000 or More 1,672 36.5% 15,144 31.4% 42,817 32.7%

Housing (2017)Total Housing Units 4,704 50,024 135,686Housing Units Occupied 4,581 97.4% 48,266 96.5% 131,001 96.5%

Housing Units Owner-Occupied 3,154 68.8% 35,483 73.5% 98,414 75.1%Housing Units, Renter-Occupied 1,428 31.2% 12,783 26.5% 32,587 24.9%

Housing Units, Vacant 122 2.6% 1,758 3.5% 4,685 3.5%

Marital Status (2017)Never Married 2,626 29.6% 30,994 32.9% 85,476 33.2%Currently Married 4,060 45.7% 41,893 44.5% 113,415 44.1%Separated 235 2.6% 2,168 2.3% 6,184 2.4%Widowed 760 8.6% 7,295 7.7% 19,397 7.5%Divorced 1,203 13.5% 11,804 12.5% 32,895 12.8%

Household Type (2017)Population Family 8,394 80.3% 90,095 80.6% 246,827 80.7%Population Non-Family 1,969 18.8% 21,022 18.8% 56,959 18.6%Population Group Quarters 96 0.9% 637 0.6% 2,253 0.7%

Family Households 2,827 61.7% 29,987 62.1% 81,608 62.3%Non-Family Households 1,754 38.3% 18,278 37.9% 49,393 37.7%Married Couple with Children 769 18.9% 7,728 18.4% 21,861 19.3%Average Family Household Size 3.0 3.0 3.0

Household Size (2017)1 Person Households 1,578 34.4% 15,915 33.0% 42,986 32.8%2 Person Households 1,463 31.9% 15,814 32.8% 42,412 32.4%3 Person Households 694 15.1% 7,327 15.2% 19,997 15.3%4 Person Households 539 11.8% 5,665 11.7% 15,630 11.9%5 Person Households 223 4.9% 2,348 4.9% 6,614 5.0%6 or More Person Households 85 1.9% 1,196 2.5% 3,362 2.6%

Household Vehicles (2017)Households with 0 Vehicles Available 312 6.8% 3,568 7.4% 9,007 6.9%Households with 1 Vehicles Available 1,825 39.8% 18,397 38.1% 48,673 37.2%Households with 2 or More Vehicles Available 2,445 53.4% 26,300 54.5% 73,321 56.0%

Total Vehicles Available 8,005 82,147 226,492Average Vehicles Per Household 1.7 1.7 1.7



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Lat/Lon: 42.5394/-82.9523RF5


Labor Force (2017)Estimated Labor Population Age 16 Years or Over 8,730 92,815 253,635Estimated Civilian Employed 5,244 60.1% 53,359 57.5% 149,163 58.8%Estimated Civilian Unemployed 267 3.1% 3,144 3.4% 8,773 3.5%Estimated in Armed Forces - - 98 0.1% 147 0.1%Estimated Not in Labor Force 3,218 36.9% 36,214 39.0% 95,553 37.7%Unemployment Rate 3.1% 3.4% 3.5%

Occupation (2010)Occupation: Population Age 16 Years or Over 5,246 53,395 149,193Management, Business, Financial Operations 726 13.8% 6,741 12.6% 19,276 12.9%Professional, Related 1,127 21.5% 10,028 18.8% 27,623 18.5%Service 857 16.3% 9,687 18.1% 28,524 19.1%Sales, Office 1,374 26.2% 13,414 25.1% 36,510 24.5%Farming, Fishing, Forestry 7 0.1% 25 - 85 0.1%Construct, Extraction, Maintenance 366 7.0% 3,951 7.4% 11,329 7.6%Production, Transport Material Moving 788 15.0% 9,548 17.9% 25,845 17.3%

White Collar Workers 3,227 61.5% 30,183 56.5% 83,409 55.9%Blue Collar Workers 2,018 38.5% 23,212 43.5% 65,784 44.1%

Consumer Expenditure (2017)Total Household Expenditure $257 M $2.50 B $6.79 B

Total Non-Retail Expenditure $139 M 54.1% $1.35 B 54.0% $3.67 B 54.1%Total Retail Expenditure $118 M 45.9% $1.15 B 46.0% $3.12 B 45.9%

Apparel $8.92 M 3.5% $86.5 M 3.5% $235 M 3.5%Contributions $11.1 M 4.3% $103 M 4.1% $279 M 4.1%Education $9.37 M 3.6% $85.7 M 3.4% $233 M 3.4%Entertainment $14.4 M 5.6% $139 M 5.6% $379 M 5.6%Food and Beverages $37.7 M 14.7% $371 M 14.8% $1.01 B 14.8%Furnishings and Equipment $8.79 M 3.4% $84.5 M 3.4% $230 M 3.4%Gifts $6.36 M 2.5% $59.4 M 2.4% $161 M 2.4%Health Care $20.8 M 8.1% $206 M 8.2% $558 M 8.2%Household Operations $7.28 M 2.8% $68.4 M 2.7% $186 M 2.7%Miscellaneous Expenses $3.81 M 1.5% $37.4 M 1.5% $102 M 1.5%Personal Care $3.33 M 1.3% $32.4 M 1.3% $88.2 M 1.3%Personal Insurance $1.89 M 0.7% $17.7 M 0.7% $48.1 M 0.7%Reading $573 K 0.2% $5.54 M 0.2% $15.1 M 0.2%Shelter $53.1 M 20.7% $515 M 20.6% $1.40 B 20.6%Tobacco $1.60 M 0.6% $16.2 M 0.6% $43.9 M 0.6%Transportation $48.6 M 18.9% $479 M 19.2% $1.31 B 19.2%Utilities $19.4 M 7.5% $191 M 7.7% $520 M 7.7%

Educational Attainment (2017)Adult Population Age 25 Years or Over 7,572 80,631 220,088Elementary (Grade Level 0 to 8) 218 2.9% 3,097 3.8% 7,370 3.3%Some High School (Grade Level 9 to 11) 475 6.3% 6,010 7.5% 16,203 7.4%High School Graduate 2,220 29.3% 26,689 33.1% 72,340 32.9%Some College 2,076 27.4% 20,970 26.0% 57,502 26.1%Associate Degree Only 1,029 13.6% 8,877 11.0% 23,313 10.6%Bachelor Degree Only 1,003 13.2% 9,856 12.2% 28,794 13.1%Graduate Degree 550 7.3% 5,131 6.4% 14,567 6.6%



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Lat/Lon: 42.5394/-82.9523RF5


Units In Structure (2010)1 Detached Unit 2,826 64.1% 33,103 70.7% 94,217 74.2%1 Attached Unit 725 16.5% 5,719 12.2% 13,131 10.3%2 to 4 Units 150 3.4% 2,169 4.6% 5,070 4.0%5 to 9 Units 329 7.5% 3,273 7.0% 7,411 5.8%10 to 19 Units 272 6.2% 1,100 2.3% 3,775 3.0%20 to 49 Units 26 0.6% 413 0.9% 1,311 1.0%50 or More Units 206 4.7% 1,561 3.3% 3,654 2.9%Mobile Home or Trailer 48 1.1% 937 2.0% 2,425 1.9%Other Structure 1 - 18 - 37 -

Homes Built By Year (2010)Homes Built 2005 or later 10 0.2% 102 0.2% 322 0.3%Homes Built 2000 to 2004 192 4.4% 2,448 5.2% 6,191 4.9%Homes Built 1990 to 1999 960 21.8% 4,561 9.7% 11,209 8.8%Homes Built 1980 to 1989 463 10.5% 4,742 10.1% 13,275 10.5%Homes Built 1970 to 1979 1,042 23.7% 8,934 19.1% 23,017 18.1%Homes Built 1960 to 1969 810 18.4% 14,637 31.2% 32,294 25.4%Homes Built 1950 to 1959 655 14.9% 8,667 18.5% 31,915 25.1%Homes Built Before 1949 416 9.4% 3,776 8.1% 11,563 9.1%

Home Values (2010)Home Values $1,000,000 or More - - 13 - 37 - Home Values $500,000 to $999,999 41 1.3% 404 1.2% 1,118 1.2%Home Values $400,000 to $499,999 43 1.4% 494 1.4% 1,326 1.4%Home Values $300,000 to $399,999 149 4.9% 1,686 4.9% 4,738 4.9%Home Values $200,000 to $299,999 639 21.0% 4,939 14.2% 13,540 14.1%Home Values $150,000 to $199,999 639 21.0% 6,204 17.9% 18,323 19.1%Home Values $100,000 to $149,999 787 25.9% 9,520 27.4% 25,648 26.8%Home Values $70,000 to $99,999 397 13.1% 5,370 15.5% 14,635 15.3%Home Values $50,000 to $69,999 183 6.0% 3,149 9.1% 8,677 9.0%Home Values $25,000 to $49,999 171 5.6% 2,243 6.5% 6,475 6.8%Home Values Under $25,000 104 3.4% 1,472 4.2% 3,867 4.0%Owner-Occupied Median Home Value $143,899 $125,381 $126,472Renter-Occupied Median Rent $662 $731 $730

Transportation To Work (2010)Drive to Work Alone 4,563 88.9% 47,733 87.0% 130,461 87.0%Drive to Work in Carpool 288 5.6% 4,073 7.4% 11,854 7.9%Travel to Work by Public Transportation 83 1.6% 684 1.2% 1,533 1.0%Drive to Work on Motorcycle - - 2 - 21 - Walk or Bicycle to Work 51 1.0% 892 1.6% 2,370 1.6%Other Means 12 0.2% 391 0.7% 854 0.6%Work at Home 136 2.7% 1,059 1.9% 2,821 1.9%

Travel Time (2010)Travel to Work in 14 Minutes or Less 1,059 21.2% 11,114 20.7% 31,090 21.1%Travel to Work in 15 to 29 Minutes 1,953 39.1% 21,963 40.8% 58,300 39.6%Travel to Work in 30 to 59 Minutes 1,742 34.9% 16,432 30.6% 48,056 32.7%Travel to Work in 60 Minutes or More 338 6.8% 2,864 5.3% 8,923 6.1%Average Minutes Travel to Work 23.5 22.7 23.3

business for sale - locations€¦ · 2000-2010 census, 2017 estimates with 2022 projections...

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