Profitable Busy Restaurant with High Traffic location RE included

Business Opportunity for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30761506
Property Subtypes: Food and Beverage
Building Size (RSF): 2,982 SF
Sale Price: $449,000
Name of Establishment: Marjo's
Gross Revenue: $1,412,013 (Annual)
Cash Flow: $1 (Annual)
Sale Terms: cash to seller
Last Updated: 10/12/2021

Overview / Comments

Profitable full service restaurant on highly traveled US 131/Grand St. in Schoolcraft MI. Owner has had 10+ years of increasing sales at this location currently serving breakfast and lunch. Marjo's is the only sit down restaurant in the area and hours could be expanded for more opportunity.

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kalamazoo
Industry Segment: Restaurants
Value of Inventory Included ($): $1
Value of Furniture, Fixtures, and Equipment ($): $1
Real Estate Status: Real Property
Value of Real Estate Included ($): $200,000
Employee/Labor Description: full time and part time employees
Competition/Market Description: Only sit down family style restaurant in the village of Schoolcraft.
Growth/Expansion Opportunities: Expand hours to dinner time, dinner was served here for years before Covid and hours were cut back. A new owner could start serving dinner again.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,434 3,675 24,219
Median Age: 38.28 41.06 40.71
Households: 586 1,454 9,205

Contact

Photograph of Listing Agent

Ryan Rider

Berkshire Hathaway
CARWM Member
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