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Up North Ultimate Favorite Restaurant Destination for sale in MI

Michigan (MI)

Asking Price: Gross: Cash Flow:
$ 390,000 $ 864,720 $ 122,262

Business Summary:
We are pleased to introduce a long established local favorite destination restaurant located in a beautiful part of Northern Michigan. Open since 1998, the business has been proudly providing exceptional service with innovative menu choices in a very welcoming and casual atmosphere. Enjoy a full menu of choices from delicious burgers, crisp salad entres, juicy steaks and fish to a full-service bar. Known best for their homemade pizza and dessert, patrons enjoy a delightful meal prepared with fresh flavorful ingredients. In addition to walk-in patrons, this restaurant has a number of commercial accounts providing consistent catering income. This restaurants catering is also known for exquisite presentation and variety. The dedicated warm and friendly staff currently consists of 5 full time and 10 part time employees with both owners currently working around 20-25 hrs per week. With consistent multiple rave reviews, this restaurant is clearly the go to place for families, couples and large groups. This is a turn-key operation and is ideal for a family business or partnership with great work ethics and a passion for food. More information is available with signed Non-Disclosure. All buyers must show financial capability.

 

   
Year Business was Established: 1998
   
Number of Employees: 10PT/5FT  
   
Facilities / Terms of Lease: Located on a busy street with great traffic exposure and ample parking. The restaurant seats 75 with an outdoor patio included which is great for large group accommodations or a more secluded dinner for two. The owners have recently completed a few renovations including a brand new HVAC system. The building is available for sale at $350,000 subject to bank appraisal. The owners are also open to rent at $2,500 per month.  
   
Potential Growth/Expansion: Currently the restaurant is only open for lunch & dinner but could be perfect for breakfast as well. This is the only restaurant in town with full liquor license, so there are plenty of opportunities for hosting special events, wine tastings, and entertainment. The current owner would be happy to share numerous growth opportunity and expansion ideas.  
   
Competition: The business is located in the heart of Michigan’s popular “Up North” region. With only a couple of restaurants in town, this establishment enjoys consistent traffic from local patrons as well as a beloved tourist destination.  
   
Owner willing to finance: Negotiable  
   
Owner willing to train: Yes  
   
Reason for selling: Retirement  
   
Seller Reference Number: MI031119
BusinessMart.com Listing Number: 239469
 

 

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For more info contact:

Tanya Popov

Inix Consulting and Brokerage, LLC
248-727-2789

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