Award-Winning Northern Michigan Restaurant with Real Estate
Michigan
| Asking Price: | $1,300,000 |
| Gross Revenue: | $1,030,499 |
| FF&E: | $60,000 |
| Established Year: | 1986 |
| Cash Flow: | $410,639 |
| Inventory: | $10,000 |
| Real Estate: | $700,000 |
Listing ID: 2312594Listing provided by BizBuySell
BUSINESS DESCRIPTION
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.
Sunbelt Listing ID: 56060
DETAILED INFORMATION
Location
Michigan
Inventory
Included in asking price
Real Estate
Owned
Building SF
4,000
Employees
18
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Financing
Down Payment of $217,000. SBA Financing Available to a Qualified Buyer.
Reason for Selling
Retirement
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