Highly Profitable Iconic West Michigan Restaurant

Not Disclosed, MI
Newaygo County

Asking Price: Annual Revenue:
$325,000 $806,619

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Highly Profitable Iconic West Michigan Restaurant Broker: Doug Yntema

Quick Facts

Asking Price: $325,000
Annual Revenue: $806,619
Net Profit: Not Disclosed
Cash Flow: $156,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $175,000
Year Established: Not Disclosed
Employees: 28
BBN Listing #: 873045079
Broker Reference #: 930

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Business Overview:

Founded almost 40 years ago, this growing Restaurant provides a unique dining experience with a large menu and a variety of themed historic regalia. The Restaurant was constructed by converting historic building and grounds into a themed Restaurant. It is hard to miss located next to two noticeable landmarks on the Michigan State Historic Registry. The Company serves a large customer base of both local regulars and travelers. Revenue and cash flow have grown each of the past three years.

The business asking price is $150,000

The real estate asking price is $175,000

The owners have enjoyed managing the restaurant but would like to seek other business ventures. They are willing to provide assistance to a new owner through a reasonable transition period.

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Market Competition and Expansion:

Investment Highlights include: 1) Unique Atmosphere: Converted from previous use, the building sends customers back in time offering a truly unique dining experience. The Restaurant is filled with a variety of historic equipment and memorabilia. 2) Customer Satisfaction: Customers consistently rate the Restaurant highly online for its quality of food and interesting atmosphere. 3) High Quality Food and Low Prices: The Restaurant provides a large number of American favorites at prices that are very affordable. 4) Beer and Wine License: The beer and liquor license not only acts as another revenue stream but also provides customers with a more complete dining experience. Growth Opportunities include: 1) Add Catering Services 2) Expand Bakery Menu 3) Enhance Marketing Techniques 4) Additional Band Shows 5) Sell Novelty Items 6) Add Happy Hour

Reason for Selling:

Focus on other business ventures.

Additional Details:

  • The property is owned.
  • The owner is not 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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