A Michigan Historic Restaurant & Bakery

Michigan
Asking Price:$1,950,000
Gross Revenue:$1,523,812
FF&E:$166,850
Cash Flow:$324,007
EBITDA:$259,007
Real Estate:$1,160,000
BUSINESS DESCRIPTION

Great Life Style Business with Many Growth Opportunities

This well-established, family-owned business, with over a century of history, is a beloved brand offering a full-service restaurant along with retail, wholesale, and e-commerce operations. Renowned for its homemade goods and local souvenirs, it generates over $250,000 profit annually during its peak operating season from May to October, with additional income from gift sales during the holiday months. The current seasonal structure provides a flexible lifestyle, allowing owners extended downtime in the off-season or the potential to expand operations to drive higher revenue year-round.

New ownership offers a wealth of growth opportunities, from extending the season into the holiday months to adding breakfast service or acquiring a liquor license, which would diversify the dining experience. The business has recently upgraded its e-commerce platform, providing the foundation for scaling online sales with further potential through additional marketplaces like Amazon and Walmart. Expanding wholesale distribution also presents a valuable opportunity, particularly by tapping into untapped regions and customers.

Other growth strategies include launching a food truck to serve the brand’s signature products at events and festivals, boosting off-season sales through gift shows, and exploring franchising to replicate its success in new locations. With a loyal customer base and strong brand equity, this business is primed for further success under new ownership, providing flexibility to either maintain its current model or pursue significant growth and increased profitability.


DETAILED INFORMATION
Location
Michigan
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
7,874
Employees
56
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
2 standalone locations – restaurant & retail/bakery
Competition
No major direct competitors
Growth & Expansion
The business has consistently shown profitability and continues to grow annually, leveraging its prime location in a popular Northern Michigan tourist destination. Maintaining high standards in food quality, service, and facility updates ensures its ongoing success. Several key growth opportunities include introducing breakfast service to fill a local market gap, expanding wholesale accounts through targeted sales, and enhancing e-commerce following the 2024 relaunch of its Shopify platform. Additional growth could be realized by offering products on Am
Financing
Seller willing to provide limited seller financing to assist in securing SBA loan
Support & Training
Owners will assist in transition of the business to ensure its continued success
Reason for Selling
Owners wish to pursue other opportunities
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Curtis
D. Kuttnauer
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Curtis D. Kuttnauer