Grand Traverse County Restaurant and Brew Company

Not Disclosed, MI
Grand Traverse County

Grand Traverse County


Asking Price: Annual Revenue:
$1,945,000 $2,900,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Grand Traverse County Restaurant and Brew Company Broker: Bill Malek

Quick Facts

Asking Price: $1,945,000
Annual Revenue: $2,900,000
Net Profit: $225,706
Cash Flow: $294,188
Total Debt: $60,000
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 1997
Employees: 50
BBN Listing #: 177256932
Broker Reference #: 191212

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Business Overview:

This business offers a full lunch and dinner menu that comprises of seventy percent of their sales and is most noted for their smoked meats. The Business craft's its own beer and makes up twenty-four percent of Company’s revenue. The remaining six percent of sales is made up a full line of alcoholic beverages. This business has a Class C Resort Liquor License. Michigan law prohibits distributing its house made brew because alcohol is sold on site. This can create possible new markets that include licensing their proprietary brew recipes to an outside brewer that private labels proprietary brews for distribution to retail outlets and taverns.

This is a very busy restaurant all week long and the owners promote the business by offering two for one coupon’s in the off season. Additionally, they advertise on the radio, coupons Two on the Town, and Travel Key coupons handed out at local hotels. By making special offerings during the off season the brew Pub easily maintains its work force.

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Property Features and Assets:

In 2005 through 2007 the owners began needed renovations and invested in $150,000 in new and updated equipment. Real Estate is not included in the sale price at this time, but a first right of refusal on the property when it becomes available for sale is available.

Market Competition and Expansion:

Market growth opportunities exist with off site and distribution of its craft beer. Additionally adding a second location in Charlevoix, Petoskey, or Grayling.

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.

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