MergerPlace

Profitable Upper Peninsula Restaurant

Michigan (Menominee)


  • Asking Price: $99,000
  • Gross Income: $336,243
  • Cash Flow: $49,482
  • Real Estate: $100,000
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #205292
  • Established: 1980
  • Employees: 11

Business Description

Founded almost 40 years ago, this well-established Restaurant serves a large number of delicious menu offerings. The Restaurant has a fun and inviting atmosphere that encourages customers to visit regularly. With recent renovations and updates, the Restaurant is primed for growth. The real estate is owned and available for sale with the restaurant.

The owners have jobs that are unrelated to the Restaurant that they would like to focus on. They don’t have the time available to continue to grow and improve the business and would like to transition the Company to new ownership. They are willing to provide assistance to a new owner through a reasonable transition period.

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Business Details

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

Company Information

Year Established: 1980
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 11

Financial Information

Asking Price: $99,000
Gross Revenue: $336,243
Cash Flow: $49,482
Real Estate: $100,000
Seller Financing Available: No

Property Information

Facilities:

The facilities were recently renovated. The building is owned and available for sale with the business.

Growth & expansion opportunities:

The Company's growth opportunities: 1) More Involved Management 2) Increased Prices 3) Banquet and Catering Expansion

Competition:

The Company's investment highlights include: 1) Large Menu and Engaging Atmosphere: The Restaurant offers something for everyone with a large menu of fairly priced meal options. The atmosphere is warm and engaging for both new and regular customers. 2) Facility Renovations and Updates: The Company recently completed several renovations and building improvements that enhance the customer’s experience at the Restaurant. 3) Customer Satisfaction: Customers promote the Restaurant online for its food, pricing, and friendly atmosphere through many positive reviews. 4) Diversified Competitive Base: The Restaurant is able to serve both regulars and many travelers who are passing through the area. 5) Location: Located on a significant highway in the Upper Peninsula positions the Restaurant for significant exposure to customers in the area.

Reason for selling:

The owners have full-time jobs and can't focus on the restaurant.

Support & Training:

Available through a reasonable time period.

Contact Business Seller

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Business Listed By:

Doug Yntema

Calder Capital, LLC