Request More Information Contact the Seller
- RE: Profitable Upscale Restaurant
- Contact: Small Business
Quick Facts
Asking Price: | $1,200,000 | |
Annual Revenue: | $2,206,619 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $155,648 | |
Total Debt: | Not Disclosed | |
FF&E: | $200,000 | |
Real Estate: | $750,000 | |
Year Established: | 2007 | |
Employees: | 30 | |
BBN Listing #: | 485745079 | |
Broker Reference #: | 838 |
Business Overview:
This restaurant provides upscale dining in a casual atmosphere. Committed to providing an exceptional dining experience, the restaurant offers a selection of high-quality, fresh, and regionally sourced cuisine as well as an assortment of fine wines, draft beers, and cocktails.
The restaurant is situated in a 125-year-old fully restored historic building in a bustling downtown area. The space boasts an inviting atmosphere, complete with a full bar and dining area, three private dining rooms, and a rooftop seating area and bar. The historic building is included with the sale of the restaurant.
The restaurant is well-loved by both locals and tourists visiting the area, as evidenced by its impressive 4.6-star average rating across over 1,000 Google reviews. Additionally, the business demonstrates strong financial stability, generating approximately $2 million in both 2021 and 2022. As the year 2023 progresses, it continues to demonstrate a trajectory of sustained success.
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.
You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK OR A FOLLOW-UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR JUNK MAIL. If the NDA email cannot be found, please contact us through reply to this ad button and request a PDF version.
Once we receive your NDA, the Confidential Business Review (CBR) will be sent to you will be sent to you from the advisor. They will be happy to correspond and answer your questions directly. Thank you for your time!
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
125-year-old, fully restored historic building features 6,000 squarer feet with a full bar and dining area, three private dining rooms, and a rooftop seating area and bar.
Market Competition and Expansion:
Investment Highlights Include: (1)Consistently High Profitability (2)Updated Historic Facility (3)Prime Location Growth Opportunities: (1)Open On Sundays (2)Create a Brunch Menu (3)Increase Marketing
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:
- View more Michigan businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
Request More Information