Seller's Contact Information
- RE: Profitable West Michigan Restaurant
- Contact: Small Business Deal Advisors
Quick Facts
| Asking Price: | $845,000 | |
| Annual Revenue: | $1,298,949 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $208,804 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $25,000 | |
| Real Estate: | $800,000 | |
| Year Established: | 1984 | |
| Employees: | 24 | |
| BBN Listing #: | 698445079 | |
| Broker Reference #: | 803 |
Business Overview:
This investment opportunity presents a thriving family-owned restaurant located in a bustling West Michigan lakeshore community. Positioned in an area with a substantial influx of both local residents and tourists, this venture holds significant potential for growth.
While the current owners have thoroughly enjoyed their involvement within this vibrant community, they have made the decision to sell in order to pursue retirement. As part of the sale, the real estate will be included, encompassing a generous 6,500 square feet of restaurant space along with a spacious 3,000 square foot apartment. Furthermore, the ownership also entails an additional 1,200 square foot income property featuring a retail storefront, offering an added stream of revenue.
Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of non-disclosure agreements (NDAs) and sending of information for speed and efficiency.
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Property Features and Assets:
The restaurant building is 6,500 square feet. The additional income property is 1,200 square feet.
Market Competition and Expansion:
Investment Highlights Include: (1)Highly Rated & Well Known: Well-loved staple restaurant in the community. Google rating of 4.6 with 1,000 reviews. (2) Recently Updated Facility & Equipment: The facility is relatively new and in excellent condition. The facility recently was updated with several equipment upgrades. (3)Located in a High Traffic Area Growth Opportunities: (1)Expand restaurant hours. (2)Offer Delivery Services: The restaurant only does takeout. The restaurant is located in a high traffic area. The restaurant could easily provide delivery services within a 3–5-mile radius and generate further income.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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