Seller's Contact Information
- RE: Profitable Local Restaurant W/Semi-Absentee Owner
- Contact: Small Business Deal Advisors
Quick Facts
| Asking Price: | $545,000 | |
| Annual Revenue: | $1,664,920 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $238,360 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | $700 | |
| Year Established: | 2012 | |
| Employees: | 30 | |
| BBN Listing #: | 551345079 | |
| Broker Reference #: | 809 |
Business Overview:
This well-loved Mid-Michigan community restaurant resides in a beautifully restored turn-of-the-century building. The restaurant is known for offering modern takes on classic tavern food. The restaurant’s space also features a bar. The drink menu has a diverse array of craft cocktails, wine, and craft beer. With over ten years in business, the restaurant’s return customer base is strong. Most of the restaurant’s customers are local but those traveling from out of town frequent the location too.
One of the highlights of the restaurant is its strong employee retention. While many restaurants have struggled to retain its staff over the last couple of years due to the “The Great Resignation”, this Company has successfully maintained a stable and cohesive staff.
Additionally, the current owner is semi-absentee and works remotely part-time. This restaurant could provide new ownership with the opportunity to work part-time and turn a high profit.
The restaurant recently added an outdoor patio to its space. The patio was popular amongst its customers over the summer months and the restaurant saw an increase in sales during this time. The owner of the restaurant also recently purchased the adjacent building next door. The building could be utilized to expand the restaurant either as a private dining or an event space. The restaurant’s current liquor license could be used for this space as well.
The owner owns both the building the restaurant occupies and the adjacent building next door. Both properties are available for purchase.
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Property Features and Assets:
Turn-of-the-century restored and renovated building, an outdoor patio, and an unoccupied second building that could be utilized for the expansion of the restaurant. The real estate is owned by the business owner under a separate LLC. The restaurant pays a monthly rent of $4,000. The property occupied by the restaurant is available to purchase for $450,000. The adjacent building is available to purchase for $250,000.
Market Competition and Expansion:
Investment Highlights Include: (1)Strong Return Customer Base & Highly-Rated Online (2)Cohesive Staff & Strong Employee Retention (3)Updated Facility: Features a new outdoor patio and new air condition system. Growth and Opportunities: (1)Expand Restaurant: The adjacent building is also available for purchase with the restaurant. This could be used to expand the restaurant and/or event services. (2)Offer Online Ordering & Delivery: This could be done through an online ordering system. (3)Begin Offering Online Reservations: This could be done through a restaurant reservation system.
Reason for Selling:
Ownership would like to pursue 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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