Well Established American Restaurant

Not Disclosed, MI


Asking Price: Annual Revenue:
$450,000 $406,314

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Well Established American Restaurant Broker: Calder Capital

Quick Facts

Asking Price: $450,000
Annual Revenue: $406,314
Net Profit: Not Disclosed
Cash Flow: $90,317
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 1960
Employees: 32
BBN Listing #: 705345079
Broker Reference #: 777

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Business Overview:

This 60+ year-established American restaurant boasts consistent financial performance with a loyal customer base and its proximity to highways!

The menu is filled with classic American favorites, including hot dogs, burgers, shakes and floats.

The current owners operate the business seasonally, around six months per year, in order to enjoy six months off. A new owner could continue seasonal operation or easily stay open year-round for carry-out and delivery. With the option to add a drive-thru this business has room for increased growth.

This turn-key business operates out of a well-maintained facility. While the dining room was closed, during the pandemic, the owners utilized that opportunity to make updates to the facility, including a new HVAC system.

The real estate and a rental home, that shares the property, are included in the price. The rental home adds additional year-round income or could be a perk for a manager.

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Property Features and Assets:

990 sq ft commercial space. Plus, an additional rental unit.

Market Competition and Expansion:

Investment Highlights Include: (1) Small Town Strength in a High Traffic Area: The restaurant operates in a robust small town market and has thrived in its 60+ years of operation. (2) Prime Vendor Relationships Keep Supply Costs Down: Long-term partners tap into significant discounts on food, janitorial supplies, and equipment. (3) Profitable and Turn-key: The Restaurant is highly profitable and operates out of a well cared for and up to date facility. Being turn-key allows a new owner to focus on further growth and no further investment in equipment or improvements. (4) Raving Reviews & High Ratings: Strong customer reviews keep clientele coming back and bring in more new customers. Growth and Expansion: (1) Extend Open Season: The Company is family-owned and chooses to operate about six months per year. Therefore, new ownership could extend the open months or even stay open year-round with carryout and delivery options. (2) Drive-Thru Addition: With its high-traffic location a drive-thru could expand the potential growth of this restaurant.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

Relevant Links:

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