Award-Winning Northern Michigan Restaurant With Real Estate 56060
Not Disclosed, MI Otsego County
Asking Price:
$1,300,000
Annual Revenue:
$1,030,499
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- RE: Award-Winning Northern Michigan Restaurant With Real Estate 56060
- Contact: Sunbelt Business Advisors
Quick Facts
| Asking Price: | $1,300,000 | |
| Annual Revenue: | $1,030,499 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $410,639 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $60,000 | |
| Real Estate: | $700,000 | |
| Year Established: | 1986 | |
| Employees: | 13 | |
| BBN Listing #: | SB-56060 | |
| Broker Reference #: | MINNEMN003-56060 |
Business Overview:
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: 56060To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Reason for Selling:
RetirementAdditional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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