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Business For Sale
LARGE PROFITABLE RESTAURANT & MORE
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Asking Price: |
$950,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Year Established:
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1973 |
Business for Sale Overview:
This is a well established restaurant that offers something for everyone. It is a full service restaurant that includes a liquor license. The restaurant is a favorite for holiday and family get-togethers with its wonderful buffets and inviting atmosphere. The business also offers a deli, catering, gift shop and banquets. There is not much more to ask for here. The business is located in Northern Michigan in a very popular tourism town and offers a wonderful location and easy access. The building is approximately 15,000 sq. ft. which includes 5000 sq. ft. of dining space. There is a large parking lot with easy access which welcomes busses and large groups. There is a wonderful established reputation here that despite the falling local economy has still maintained sales above 1.6 million*. The family is recovering from a death and wishes to pursue other interests. The package price is 950,000 however there is a lease option available. The business price is $550,000 with the lease option payment of 2900 a month. The options for the business are endless so start exploring Michigan with a great opportunity at your fingertips. Contact us for more information.
Property Features and Assets:
The sale includes the building which is located on Old US 27 with a very large parking lot that welcomes busses and large groups. The building is approximately 15,000 sq. ft. which includes 5000 sq. ft. of dining space. The land is located on a busy highway and the parking lot provides access to canal on Houghton Lake, there is also a 350 sq. ft. shed on the property.
Additional Details:
- The property is owned.
- The owner may be willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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