MergerPlace

Consistently High Profit Restaurant

Michigan


  • Asking Price: $450,000
  • Gross Income: $935,800
  • Cash Flow: $143,900
  • Real Estate: $500,000
  • Inventory: $17,500
  • FF&E: $225,000
  • Listing ID: #209753
  • Established: 2005
  • Employees: 22

Business Description

The profitable sit-down, full-service restaurant is located in one of Michigan’s top tourist destinations. The Restaurant offers customers a menu full of favorites with a variety of appetizers, sandwiches, dinners, and more. Operating out of a newer building, the Restaurant is well-loved demonstrated by its consistently high ratings online. The current owners are not involved full-time and are seeking to sell the business to enter retirement. This is a great opportunity for a new owner to step in and continue to grow this profitable restaurant.
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 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, PLEASE CHECK YOUR JUNK MAIL. If the NDA email cannot be found, please email info@smallbusinessdeal.com and request a PDF version.
Once we receive your NDA, the Confidential Business Review (CBR) will be sent to you. The owner’s contact information will be provided in the CBR. They will be happy to correspond and answer your questions directly. Thank you for your time!


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Michigan

Company Information

Year Established: 2005
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 22

Financial Information

Asking Price: $450,000
Gross Revenue: $935,800
Cash Flow: $143,900
EBITDA: $93,900
FF&E: $225,000
Inventory: $17,500
Real Estate: $500,000
Seller Financing Available: Yes

Property Information

Facilities:

The Restaurant operates out of an updated 4,000 square foot facility that is available for sale with the business. The approximate market value is $500,000.

Growth & expansion opportunities:

Growth Opportunities Include: (1) More Involved Ownership: One of the current owners works about 15-20 hours a week while the other serves as the general manager. A new owner who invests additional focus on the business would likely be able to find ways to grow it. (2) Open for Breakfast: The Company could grow significantly by adding breakfast hours. This was done in the past and led to a spike in sales. (3) Initiate Catering Services: The Restaurant could begin to offer catering services to increase sales and expand its brand in the area.

Competition:

Investment Highlights Include: (1) New Building: The Restaurant’s new building serves as a welcoming sign to hungry customers that service will be great, and food will be fresh. (2) Strategic Location: The Restaurant is in an area that receives significant tourism leading to an expanded customer base beyond local patrons. (3) Online Ratings and Reviews: The Company receives high ratings online for the quality service provided and delicious food served.

Reason for selling:

Retirement.

Support & Training:

Ownership willing to provide reasonable and customary transition assistance.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Doug Yntema

Calder Capital, LLC