Falling Rock Café and Bookstore

FOR SALE

 

 

Best Places to Invest in Michigan

1/2

Asking Price:  $1.5M

 

 (Includes: Building; Business; Inventory, Equipment, Good Will, Website, Social Media, etc.)

The coronavirus pandemic and summer-long highway construction made 2020 a challenging year, but the hard work and dedication of our employees and patience of our customers helped us to adapt and remain resilient while adhering to all COVID safety guidelines and continuing to provide award-winning customer service.  As a result, gross revenue and net profit for the business are projected to be very near that of recent years (see below).  In addition, rental revenues from the building with the addition of Falling Rock Suites (AirBnB) have increased significantly in 2020 (see below).  We are open to selling the Falling Rock Cafe & Bookstore separately (with a long-term lease) or in a package with the building.

Business/Building Facts of Interest

  • 4,000 square feet of commercial space on first floor and four AirBnB Suites on second floor.

  • Entire building infrastructure (electrical, heating, plumbing, sewer, etc.) rehabilitated in 2003.​

 

  • ​Gross sales for the business exceeding $800,000 in 2017, 2018, and 2019.

  • Newly renovated AirBnB Suites generating 140% (and climbing) increase in rental income for the building over previous years (despite being closed for three months due to COVID-19).  Revenue now exceeding $120,000/year (and continuing to grow) as new reservations are booked for the remainder of 2020.

  • Online sales and sophisticated POS system

  • 9 leased parking spots adjacent.

  • New roof installed in 2012.

  • Although this property is For Sale By Owner, we are open to negotiating a commission for Realtors representing potential buyers.

  •  We are open to a variety of purchase/financing options.

  • Recent zoning change permits four second-floor apartments to be "Recreational" daily rentals (e.g., AirBnB/VRBO).  Conditional Use Permit approved and transferrable.

 

Interested? Send us an email!

Additional Facts/Information

Great Lakes Property

FOR SALE

 

Upper Peninsula Investment Property

Lake Superior frontage on the Munising Bay

1/2
 

Asking Price:  $699,000

 

For Sale by Owner

Property Facts of Interest

  • Property appraised for $540,000 in 2016 before $50,000 additional investment for driveway improvements and fill.

 

  • H-58, the road adjoining the property, was completely redone in Summer 2018.

  • Although this property is For Sale By Owner, we are open to negotiating a commission for Realtors representing potential buyers.

 

  • We are open to a variety of purchase/financing options.

Additional Facts/Information

 

Interested? Send us an email!

©2020 by Falling Rock Cafe & Bookstore

104 E Munising Ave, Munising, Michigan