Central Michigan Waterfront Restaurant & Bar
For Sale
* PRICE REDUCED *
$529,000 (includes real estate, inventory extra)
Business Summary
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 the highly profitable summer season.
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. The building is in good condition with a recently replaced roof, new façade and updated kitchen equipment.
Details:
2023 Revenue: $1,100,000
2023 SDE: $146,000
Real Estate: 3,500 square feet on 0.25 acres; $220,000 estimated value
Employees: 25 full and part-time
Investment Highlights:
- Scenic waterfront setting with outdoor seating
- Consistent sales growth and profitability
- Located near a major interstate
Growth Opportunities:
- Double or triple outdoor deck space
- Install serving window to capitalize on new park being developed on the adjacent property
- Evaluate extended hours
Support & Training: Owner is willing to assist the transition
Reason for Selling: Focus on other opportunities