Seller's Contact Information
- RE: Lakeshore Community Restaurant - West Michigan
- Contact: Small Business Deal Advisors
Quick Facts
| Asking Price: | $800,000 | |
| Annual Revenue: | $1,417,576 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $322,581 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 493,000 | |
| Real Estate: | $1 | |
| Year Established: | 1998 | |
| Employees: | 24 | |
| BBN Listing #: | 845545079 | |
| Broker Reference #: | 772 |
Business Overview:
This unassuming gem is a highly profitable West Michigan restaurant, that is well-staffed with experienced managers.
Located in a beautiful lakeshore community, this mainstay offers an inviting atmosphere and open-air patio for both tourists and locals. The thoughtfulness and care of the owners and staff are reflected in the business’s consistent outstanding reviews and repeat customers. The company is known for offering an extensive menu selection, with all items being both outstanding quality and reasonably priced.
The facility and equipment have been carefully maintained, with no anticipated replacement needed for years to come. The restaurant is conveniently situated along a major US highway, in a prime location that receives a plethora of traffic that will continue to drive business.
The company has a full liquor license, which is transferrable with the sale of the business. This West Michigan lakeshore restaurant also comes with the opportunity to purchase the real estate.
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Property Features and Assets:
7,500 square feet commercial space. The real estate is offered for sale at $1.5M.
Market Competition and Expansion:
Investment Highlights Include: (1)Prime Location: The restaurant operates in a well-trafficked location that draws plenty of tourists and locals. (2)Brand Image and Consistent Profitability: The restaurant is a staple in the area. (3)Excellent Condition of Building & Property: The owners have invested time and effort to properly maintain the restaurant’s facility. (4)High Ratings & Raving Reviews: Strong customer reviews keep clientele coming back and also serve to bring in more new customers. (5)Up-to-date Technology and Systems: Recent investment in these areas has supported the Company’s strong operational model. Growth and Expansion: (1)Expand catering segment (2)Extend operating hours (3)Increase marketing
Reason for Selling:
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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