Profitable Hometown Family Restaurant

Relocatable, MI

West Michigan


Asking Price: Annual Revenue:
$600,000 $1,295,680

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Hometown Family Restaurant Broker: Small Business Deal Advisors
Owner Financing is Available!
Limited seller-financing is available for qualified buyers.

Quick Facts

Asking Price: $600,000
Annual Revenue: $1,295,680
Net Profit: Not Disclosed
Cash Flow: $225,800
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: $800,000
Year Established: 1984
Employees: 24
BBN Listing #: 698445079
Broker Reference #: 803

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Business Overview:

This restaurant is a beloved family owned and operated American fare restaurant that has been a part of the community for almost forty years. The restaurant has been in the same family since its establishment. The restaurant provides a family friendly environment and specializes in homecooked meals at a reasonable price.

The restaurant serves breakfast, lunch, and dinner, with breakfast available for purchase all day long. The entire menu is available for takeout orders as well.

There is real estate available with the purchase of the restaurant. The restaurant building is 6,500 square feet. The other building available for purchase is 1,200 square feet. Price for both properties (the restaurant building and the additional building) is $800,000. The restaurant itself is available for purchase at $600,000. The restaurant could be purchased individually if desired. Total cost for the restaurant and real estate would be $1.4 million.

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Property Features and Assets:

The restaurant building is 6,500 square feet. The other building available for purchase is 1,200 square feet. Price for both properties (the restaurant building and the additional building) is $800,000. The restaurant itself is available for purchase at $600,000. The restaurant could be purchased individually if desired. Total cost would be $1.4 million.

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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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