Highly Profitable Northern MI Restaurant

Undisclosed Address, Michigan
Business Opportunity for Sale
Catylist Listing ID: 30736504
Property Subtypes: Food and Beverage
Building Size (RSF): 12,000 SF
Sale Price: $1,395,000
Name of Establishment: Highly Profitable Northern MI Restaurant
Business Website Address: https://bit.ly/3wSVozB
Year Business Established: 1981
Gross Revenue: $3,127,000 (Annual)
Cash Flow: $427,195 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 6/3/2021

Overview / Comments

Profitable restaurant with over $3 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 and you will be sent a non-disclosure agreement to get more information.
If you do not receive the NDA, please check your junk mail. If the NDA email cannot be found, please email info@smallbusinessdeal.com and request a PDF version. Once we receive your NDA, the Confidential Business Review (CBR) will be sent to you. They will be happy to correspond and answer your questions directly. Thank you for your time!

Additional Details

Industry Segment: Bars and Taverns
Reason for Selling: Retirement.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $1,800,000
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: 5 miles
Total Population: 2,593
Median Age: 44.17
Households: 1,031


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