Popular Lakeview Restaurant – Northern Michigan

Relocatable, MI
Missaukee County

Northern Michigan

Asking Price: Annual Revenue:
$250,000 $514,306

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Popular Lakeview Restaurant – Northern Michigan Broker: Calder Capital
Owner Financing is Available!
Limited seller-financing is available for qualified buyers.

Quick Facts

Asking Price: $250,000
Annual Revenue: $514,306
Net Profit: Not Disclosed
Cash Flow: $114,215
Total Debt: Not Disclosed
FF&E: $24,900
Real Estate: Not Disclosed
Year Established: 2020
Employees: 10
BBN Listing #: 588045079
Broker Reference #: 789

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Business Overview:

Located along the highly trafficked lakeside corridor, situated between two major highways, this popular lakeview restaurant offers live entertainment and a full bar on its patio.

This Company is a hotspot for locals and tourists enjoying Northern Michigan. The well curated menu helps it stand out among other restaurants in the area, offering a variety of appetizers, salads, handhelds, entrées, sides, and a full bar. The outdoor patio also offers a full menu and bar.

Although the summer months are generally the busiest months, this corridor remains steady all year round due to the wide variety of outdoor activities, including swimming, boating, fishing, color tours, snowmobiling, and various other motor sports.

While the owners have enjoyed running the Company, they are seeking to sell in order to find experienced restaurant owners that can manage and grow the Company.

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Property Features and Assets:

3,000 square feet of commercial space, located on a main street, an additional 4,500 square feet of outdoor space.

Market Competition and Expansion:

Investment Highlights Include: (1) Exiting Menu: The diverse menu was curated with quality products and stands out among local restaurants. (2) Location: The location makes this Company a destination spot, as well as a great pit stop for travelers. (3) Outdoor Seating & Live Entertainment: The outdoor patio offers ample open-air seating and a covered bar area to enjoy the ambiance. Growth and Expansion: (1) Destination Location: Highlighting this as a destination restaurant could grow the business. (2) Grow Business Radius: Currently the business reaches a 25-mile radius, expanding this by marketing to neighboring towns could increase revenue. (3) Increase Marketing: Facebook and word-of-mouth are currently the main sources of marketing. By utilizing other social media and local advertising outlets could be advantageous to the business.

Reason for Selling:

To sell and allow new ownership to grow the Company.

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.

Relevant Links:

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