For Sale

Popular Local Restaurant with Semi-Absentee Ownership

Business Category: Bars, Business Real Estate, For Sale, Miscellaneous Services, Other Eating & Drinking Places, Restaurants, Retailing Businesses, Service Businesses
Location: Michigan

Listing Price:


Revenue: $1,664,920
Cash Flow: $238,360

Real Estate Available: For Sale
Reason For Sale: The owner would like to transition into retirement.
Number of Employees: 30

This popular Mid-Michigan community restaurant resides in a beautifully restored turn-of-the-century building. The restaurant is known for offering modern takes on classic tavern food. The restaurant’s space also features a bar. The drink menu has a diverse array of craft cocktails, wine, and craft beer. With over ten years in business, the restaurant’s return customer base is strong. Most of the restaurant’s customers are local but those traveling from out of town frequent the location too.

One of the highlights of the restaurant is its strong employee retention. While many restaurants have struggled to retain its staff over the last couple of years due to the “The Great Resignation”, this Company has successfully maintained a stable and cohesive staff.

Additionally, the current owner is semi-absentee and works remotely part-time. This restaurant could provide new ownership with the opportunity to work part-time and turn a high profit.

The restaurant recently added an outdoor patio to its space. The patio was popular amongst its customers over the summer months and the restaurant saw an increase in sales during this time. The owner of the restaurant also recently purchased the adjacent building next door. The building could be utilized to expand the restaurant either as a private dining or an event space.  The restaurant’s current liquor license could be used for this space as well.

The owner owns both the building the restaurant occupies, valued at $450,000, and the adjacent building next door, valued at $250,000. Both properties are available for purchase.

Opportunities for Growth

(1) Expand Restaurant: The adjacent building is also available for purchase with the restaurant. This could be used to expand the restaurant and/or event services.

(2) Offer Online Ordering & Delivery: This could be done through an online ordering system.

(3) Begin Offering Online Reservations: This could be done through a restaurant reservation system.

Investment Highlights

(1) Strong Return Customer Base & Highly-Rated Online

(2) Cohesive Staff & Strong Employee Retention

(3) Updated Facility: Features a new outdoor patio and new air condition system.

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