See Similar Listings

Location, Location, Location with a long standing history.

St. Clair County, MI

Seller Financing Available

listing image
Asking Price:$578,825
Gross Revenue:$2,100,000
FF&E:$125,000
Cash Flow:$205,000
Inventory:$25,000
Established Year:1985
Listing ID: 2220474Listing provided by BizBuySell
BUSINESS DESCRIPTION

Waterfront restaurant situated in the heart of a great town!
The restaurant is well-established. With over three decades in the industry, it has cultivated a loyal clientele from surrounding areas. Being within an hour drive of metro Detroit, seasonal day trippers often frequent the establishment to bask in great views of Michigan’s best attribute (her waters) from the deck while enjoying a meal and beverage.

With a full bar and kitchen, the menu offers a unique blend of quality American fusion cuisine, with flavors from across several cultures. Bar options range from Michigan craft beers to cocktails and non-alcoholic beverages. Our focus has been on providing quality cuisine at reasonable price in a family friendly atmosphere.

With a total seating capacity of 320, including 100 seats on the seasonal waterfront deck, the venue is a popular spot for lunches and dinners, as well as for parties, meetings, local events, and weddings.

Gross sales of over $2M year. More financial information is available for qualified interested parties.

The space is leased and the building owners are willing to visit lease terms for the new owner/ proprietor, including option(s) to purchase real estate.

Good reputation.
Great building and location.

DETAILED INFORMATION
Location
St. Clair County, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
6,000
Employees
40
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
There is a lease in place with for the restaurant. The owner(s) of the building are open to discuss lease terms possibly purchase of said real estate. Additional income is created by the real estate if one was to purchase it.
Competition
This town has a nice variety of restaurants which leads many people to our doorstep looking for a great meal from a friendly staff in a unique setting. When people think of food they think of our town. The waterside parks and amenities draw people from miles away to enjoy the day or a weekend to relax and take in the local offerings. Dining, shops, museums, shows, outdoor activities, and more make them return themselves and tell others. Proximity to larger metro areas attractive for day trips.
Growth & Expansion
Enclosing deck to increase use to three or all seasons is a possibility, increasing seating potential. Offering breakfast, and/or extending hours to stay open later as most area restaurants close early. Increase marketing, social media, delivery, catering... There are many options for growth.
Financing
Limited seller financing available for qualified buyers.
Support & Training
Seller will assist the buyer to the degree the buyer would like.
Reason for Selling
Retirement
Report an Issue with this listing
Jay Owen
Phone Number
Jay Owen
Call Phone