West Michigan Restaurant For Sale

Undisclosed Address, Michigan
Business Opportunity for Sale
Catylist Listing ID: 30495583
Property Subtypes: Food and Beverage
Building Size (RSF): 12,000 SF
Sale Price: $1,000,000
Year Business Established: 2003
Gross Revenue: $1,000,000 (Annual)
Cash Flow: $1 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash/Conventional
Last Updated: 9/10/2019

Overview / Comments

Great opportunity to own this well-established West Michigan restaurant located on high-traffic road with great visibility and easy access. Restaurant’s long history of $1,000,000 plus revenue stream combined with the large operating facility provides numerous growth opportunities. Seller is looking to retire and will hold a meaningful note for a qualified buyer as well as consulting and training support.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Owner looking to retire and monetize assets for estate planning.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $900,000
Employee/Labor Description: Good, stable crew.
Mgmt/Training Support Description: Consulting and training support up to 90 days on-site, if needed. Phone consult also available for up to six months.
Competition/Market Description: Family-style restaurant has a committed customer base with little direct competition.
Growth/Expansion Opportunities: Real Estate provides room for catering, event hosting, separate sports bar area and outdoor deck/activity area.
Seller Financing Description: Seller will hold a meaningful note for a qualified buyer.

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