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.
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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 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.
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.
Ownership willing to provide reasonable and customary transition assistance.