Waterfront Bar/Restaurant For Sale
| Asking Price: | $599,000 |
| Gross Revenue: | $1,200,000 |
| EBITDA: | $170,000 |
| Real Estate: | $250,000 |
| Cash Flow: | $170,000 |
| Inventory: | $20,000 |
| FF&E: | $75,000 |
| Established Year: | 2016 |
Priced To Sell
This profitable family-owned restaurant with a scenic location proudly serves travelers and the
local community. They offer a diverse menu of American food and hand-tossed pizza served in a
friendly environment with prompt service. Overlooking the water is a year-round outdoor seating
area with patio heaters.
The business is priced for quick sale and the owner is willing to transfer ownership after a
conditional liquor license approval, allowing the new owner to capitalize on immediate profits and positive cash flow.
Sales have grown consistently over the last four years and include profitable takeout and delivery
services. 2023 revenue was an all-time record and reflects growth of almost 40% compared to
2019 before Covid. There is currently FOH and BOH management in place. The current owner is working approx 15 hours per week, doing payroll and bookwork, mostly remote. The building is in good condition with a recently replaced roof, new façade and updated kitchen equipment.
Email midmichigandining@gmail.com for more info or to schedule a showing!
