Award-Winning Northern Michigan Restaurant with Real Estate
Established destination restaurant in Northern Michigan specializing in a one-of-a-kind menu item. This award-winning operation includes 4,000 sq ft of owned real estate and has been a tradition for Detroit-area travelers for years. Currently generating over $1M in revenue with strong 66% gross margins. Turn-key operation with $500K in recent improvements. Excellent growth potential through marketing, expanded hours, and additional services. SBA financing available for qualified buyers.
Interested buyers should have access to approximately $217,000 in capital for the down payment.
Sunbelt Listing ID: 56060
- Listing ID:
- 56060
- Industry:
- Restaurant & Bar
- Location:
- Undisclosed > Michigan
- Revenue:
- $1,030,499
- Business Price:
- $1,300,000
- Down Payment:
- $217,000
- SDE (Cash Flow):
- $410,639
- Listing Agent:
- Dan Carey
- FF & E:
- $60,000
- Inventory included in asking price:
- Yes
- Inventory Value:
- $10,000
- Years in Business:
- 20+ years
- Is this a franchise:
- No
- Employees (Full-Time):
- 13
- Employees (Part-Time):
- 5
- Reason for selling:
- Retirement
- SBA Financing Available:
- Yes