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West Michigan Lakeshore Restaurant for sale in MI

Michigan (MI)

Asking Price: Gross: Cash Flow:
$ 800,000 $ 1,417,576 $ 322,581

Furniture and Fixtures Value:
$ 493,000 (included in the asking price)

Inventory Value:
$ 13,000 (included in the asking price)

Real Estate:
$ 1,500,000 (not included in the asking price)

Business Summary:

In the heart of a thriving community, this highly profitable West Michigan lakeshore restaurant is an unassuming gem!

Offering an inviting atmosphere and open-air patio, the company is a mainstay for both tourists and locals. The thoughtfulness and care of the owners and staff are reflected in the business’s consistent outstanding reviews and repeat customers. The company is known for offering an extensive menu selection, with all items being both outstanding quality and reasonably priced.

The company has a full liquor license, which is transferrable with the sale of the business. Revenue from alcohol sales comprising over 20% of revenue.

The company is consistently and highly profitable, and well-staffed with experienced managers involved in daily operations. Revenue and cash flow have bounced back to pre-covid levels, which speaks to the high quality and appeal of the venue’s offerings and service.

The facility and equipment have been carefully maintained, with no anticipated replacement needed for years to come. The restaurant is conveniently situated along a major US highway, in a prime location that receives a plethora of traffic that will continue to drive business.

This West Michigan lakeshore restaurant also comes with the opportunity to purchase the real estate.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of non-disclosure agreements (NDAs) and sending of information for speed and efficiency.

You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the NDA email cannot be found, please email [email protected] 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!

 

   
Year Business was Established: 1998
   
Number of Employees: 9 FT / 15 PT  
   
Facilities / Terms of Lease:
7,500 sq ft. commercial space. The real estate is offered for sale at $1.5M.
 
   
Potential Growth/Expansion:
(1) Expand catering segment
(2) Extend operating hours
(3) Increase marketing
 
   
Competition:
Investment Highlights Include:

(1) Prime Location: The restaurant operates in a well-trafficked location that draws plenty of tourists and locals.

(2) Brand Image and Consistent Profitability: The restaurant is a staple in the area.

(3) Excellent Condition of Building & Property: The owners have invested time and effort to properly maintain the restaurant’s facility.

(4) High Ratings & Raving Reviews: Strong customer reviews keep clientele coming back and also serve to bring in more new customers.

(5) Up-to-date Technology and Systems: Recent investment in these areas has supported the company’s strong operational model.
 
   
Owner willing to finance: Limited seller-financing is available for qualified buyers.  
   
Owner willing to train: Ownership is willing to provide reasonable and customary transition assistance.  
   
Reason for selling: Retirement  
   
Seller Reference Number: 772
BusinessMart.com Listing Number: 283150
 

 

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Buying a Business Resources
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For more info contact:

Matt Baas

Small Business Deal Advisors, LLC
844.889.7232

CONTACT SELLER

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