Business Summary

This profitable establishment sells deli sandwiches, ice cream and smoothies on a highly trafficked street located in an attractive waterfront town popular with summer tourists and recreational boaters. The local population triples when summer residents return to their second homes, and the marinas and high-end galleries draw well-off residents from the region and tourists from Chicago.

Restaurant operations are seasonal, opening before Memorial Day weekend and closing in late October. There is ample outdoor seating and the labor force returns consistently from year to year. Sales accelerated rapidly through Covid and remained at consistently high levels for the last three years. The owner is willing to stay and work in the business for a full summer season to assist the new owner and ensure a successful transition.

Details:

FY 2023 Net Revenue:$433,000
FY 2023 SDE: $170,000 (Estimated – adjusted to remove two other locations)
Real Estate:Leased
Employees: 7 total (4 full-time and 3 part-time)

Investment Highlights:

• Prime location in a waterfront summer tourist community
• Affluent customer base
• Loyal staff
• Upgraded facilities

Support & Training: Owner is willing to assist for a full season following the sale

Reason for Selling: Relocating