Family Diner with Decades of Repeat Customers

Not Disclosed, MI
Lenawee County

SE Michigan

Asking Price: Annual Revenue:
Not Disclosed $1,150,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Family Diner with Decades of Repeat Customers Broker: Glen Toadvine
Owner Financing is Available!
Owner will finance up to 10 year with $150,000 down.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $1,150,000
Net Profit: Not Disclosed
Cash Flow: $135,000
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 35
BBN Listing #: 852931216
Broker Reference #: GT1011620

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Business Overview:

This large family diner has maintained an excellent community relationship for many years. This year due to COVID19, the business was closed for several months, and has since reopened in June 2020 at 50% capacity. The local community has so far been fortunate not have been hit hard by COVID cases.

With seating for 250 customers, the restaurant is open and busy six days per week. Many customers coming in weekly to meet the same people at informal social gatherings. There are 2 banquet rooms which are is frequently reserved and is also where the many social groups meet. Hours are 6:00 AM – 10:00 PM every day except Monday. The restaurant serves no alcoholic beverages which of course avoids a myriad of possible problems. The building, dining room and kitchen area are all custom designed, up-to-date, and in impeccable condition. Pictures are available upon request.

The owner of the business also owns the property and would be willing to reduce the monthly rent of the 5,500 square foot restaurant to $6,500 monthly for the first two years, with the rent being $7,000 monthly thereafter. In addition, the owner is willing to offer a seller note to an experienced proven operator, with terms up to 10 years with interest at 8%.

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Property Features and Assets:

The building has been very well maintained and is owned by the seller of the business.

Market Competition and Expansion:

By far the largest independent family restaurant in the area.

Reason for Selling:


Additional Details:

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

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