Highly Profitable Northern MI Restaurant

Business Opportunity for Sale
Catylist Listing ID: 30736504
Property Subtypes: Food and Beverage
Building Size (RSF): 12,000 SF
Sale Price: $1,350,000
Name of Establishment: Terry's and The Villager
Business Website Address: https://bit.ly/3wSVozB
Year Business Established: 1981
Gross Revenue: $3,500,000 (Annual)
Cash Flow: $450,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 10/4/2021

Overview / Comments

Profitable restaurant with over $3.5 million in sales per year is available for the first time! The owner of this unique opportunity is looking to retire and wants to find a new owner to take over this profitable, popular business.
The restaurant has performed well despite the pandemic with growth in revenue and earnings.
Due to confidentiality, we cannot give too many details in this overview. Please request more information from the listing agent and you will be sent a non-disclosure agreement to get more information.

Additional Details

Nearest MSA: Traverse City
County: Charlevoix
Industry Segment: Bars and Taverns
Reason for Selling: Retirement.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: Owned - Not included in asking price.
Employee/Labor Description: 30 Full-Time
Mgmt/Training Support Description: Ownership is willing to provide reasonable and customary transition assistance.
Competition/Market Description: (1) Turn-key Opportunity (2) Experienced Staff (3) Unbeatable Northern MI Location
Growth/Expansion Opportunities: Catering shows incredible growth potential for the restaurant.
Seller Financing Description: Limited seller-financing is available for qualified buyers.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,579 3,431 5,806
Median Age: 47.78 48.47 46.6
Households: 1,273 1,615 2,600


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