Catylist ID: #30736504
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|
|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|
Overview / Comments
Profitable restaurant with over $3 million in sales per year is available for the first time! The owner of this unique opportunity is looking to retire and wants to find a new owner to take over this profitable, popular business.
The restaurant has performed well despite the pandemic with growth in revenue and earnings.
Due to confidentiality, we cannot give too many details in this overview. Please request more information and you will be sent a non-disclosure agreement to get more information.
If you do not receive the NDA, please check your junk mail. If the NDA email cannot be found, please email email@example.com and request a PDF version. Once we receive your NDA, the Confidential Business Review (CBR) will be sent to you. They will be happy to correspond and answer your questions directly. Thank you for your time!
|Industry Segment:||Bars and Taverns|
|Reason for Selling:||Retirement.|
|Value of Inventory Included ($):||$0|
|Value of Furniture, Fixtures, and Equipment ($):||$0|
|Real Estate Status:||Real Property|
|Value of Real Estate Included ($):||$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.|
Douglas YntemaSmall Business Deal Advisors CARWM Member
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