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Well Established Restaurant, Bar & Pub in Petosky MI

Petoskey, MI
Asking Price:$2,000,000
Gross Revenue:$2,808,773
Real Estate:$1,120,000
Cash Flow:$350,000
FF&E:$350,000
Established Year:2006
Listing ID: 2279718Listing provided by BizBuySell
BUSINESS DESCRIPTION

Upscale 4 Season Tourist Hot Spot with prime location!

Welcome to the Southwoods pub and Grill, the premier ''GO-TO'' dining destination located in the heart of Petoskey, an upscale four-season tourist hotspot in Northern Michigan. Nestled in a competitive location fronting Spring Street (US-131 Highway), this property offers unparalleled visibility and accessibility, making it a cornerstone of the local dining scene for over 18 years. Conveniently close to local hotels, the casino, the hospital, and downtown Petoskey. Spanning 6,200 sq. ft. on a 1.2-acre lot, the interior floor plan is thoughtfully designed to accommodate a seating capacity of 140. The property includes two east-facing dining rooms, a cozy lounge area with booths, and a beautifully crafted full-service bar, perfect for hosting both locals and tourists alike. Adequate onsite parking ensures convenience for your patrons, while the well-designed layout offers room for future expansion, should you choose to grow this thriving business. With 45 well-trained, long-term employees, the restaurant delivers a consistent, high-quality dining experience that keeps customers coming back year after year. Whether you're looking to continue the legacy of Southwoods Family Restaurant or explore new business opportunities, this property offers a rare chance to own a successful, established business in a thriving tourist community. The combination of prime location, recent renovations, and strong local and tourist following makes this a standout investment opportunity in Northern Michigan. Seize the opportunity to own a piece of Petoskey's vibrant dining scene and capitalize on the growing demand for high-quality dining experiences in this picturesque and prosperous region.

ATTACHED DOCUMENTS
Executive SummarySouthwoods 1.pdf.pdf Download
DETAILED INFORMATION
Location
Petoskey, MI
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
6,200
Employees
45
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Net assets included in the sale are $1,540,000.
Competition
Southwoods Bar & Grill has been located here for over eighteen (18) years and has earned its well-deserved reputation as the “Go -To Location” for the locals as well the “Destination Location” for the Tourist Crowd to come back to when they are here. Prime location in Petosky, an upscale 4 Season Tourist Hot Spot in Northern Michigan which offers customers quick access to world class outdoor sports activities both water and snow, fishing, hunting, golf as well as scenic trips and trails to enjoy God’s Country to its fullest.
Growth & Expansion
Primary strength of the property include a high visible location. This area has experienced consistent growth over the last several decades and the future also looks bright. The restaurant is 6,200 sq ft and built on 1.2 sq acres with excellent access and parking. The interior floor plan allows for two dining rooms, bar/lounge & pub, with seating capacity for 140. There is also room for expansion should the buyer so choose. Winter weather issues may be a con but significant snow can actually drive additional tourism.
Support & Training
Sellers willing to train the buyer for four (4) weeks at no charge as part of the purchase price. He is certainly willing to help the new Owner thereafter to become acclimated to the business as he surely wants to see them successful. That can be negotiated on a consulting basis as part of the process, with flexibility based upon individual Buyer’s requirements.
Reason for Selling
Retirement and other business interests
Franchise
This business is an established franchise
BUSINESS LOCATION
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Tom Garner
Phone Number
Tom Garner
Call Phone