MergerPlace

Grand Rapids Restaurant

Grand Rapids, Michigan (Kent)


  • Asking Price: $84,900
  • Gross Income: $297,684
  • Cash Flow: $41,715
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #203728
  • Established: 2000
  • Employees: 7

Business Description

Founded in 2003, the Restaurant provides customers with a signature food offering. The Company has a great location in an area with a lot of foot traffic daily. The Restaurant receives great reviews for its delicious and fairly priced food offering and has developed a large and loyal customer base.

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Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Michigan
Metropolitan Area: Grand Rapids
County: Kent

Company Information

Year Established: 2000
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 7

Financial Information

Asking Price: $84,900
Gross Revenue: $297,684
Cash Flow: $41,715
EBITDA: $41,715
Seller Financing Available: No

Property Information

Growth & expansion opportunities:

Growth opportunities include: 1) Introduction of Catering Services 2) Enhanced Marketing Plan 3) Increased Owner Involvement 4) Raise Prices

Competition:

Investment highlights include: 1) Strategically Located in High Foot Traffic Area: The Restaurant is located at a hub of activity with a large amount of visitors and foot traffic. 2) High Quality and Quickly Prepared Product: Food offerings from the Company are able to prepared quickly in order to enhance the customer’s dining experience. 3) Fairly Priced Menu of Favorites: The Restaurant’s menu consists of delicious and fairly priced food options that customers appreciate.

Reason for selling:

Retirement

Support & Training:

The owner is willing to provide assistance to a new owner through a reasonable transition period.

Contact Business Seller

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Business Listed By:

Doug Yntema

Calder Capital, LLC