For Sale and Price Drop

Family Restaurant with Income Properties – West Michigan

Business Category: Miscellaneous Services, Other Eating & Drinking Places, Restaurants, Retailing Businesses, Service Businesses
Location: Michigan

Listing Price:

$450,000


Revenue: $1,298,949
Cash Flow: $208,804

Real Estate Available: For Sale
Reason For Sale: Retirement
Number of Employees: 24

This exciting investment opportunity, in beautiful West Michigan, is a beloved family owned and operated restaurant with additional income properties. This restaurant has been a part of the West Michigan community for almost forty years. The restaurant has been in the same family since its establishment. The restaurant provides a family friendly environment and specializes in homecooked meals at a reasonable price.

After many years of successfully running this family business the owners are seeking to sell in order to pursue retirement.

The real estate available for purchase with the restaurant includes the restaurant building, 6,500 square feet of restaurant space, and a 3,000 square foot apartment. In addition to the restaurant and apartment there is a 1,200 square foot retail rental property available for purchase. Price for both properties (the restaurant building and the additional building) is $549,500.

The restaurant itself is available for purchase for $450,000. The restaurant could be purchased individually if desired. Total cost for the restaurant and real estate is $999,500.

Opportunities for Growth

(1) Expand restaurant hours.

(2) Offer Delivery Services: The restaurant only does takeout. The restaurant is located in a high traffic area. The restaurant could easily provide delivery services within a 3–5-mile radius and generate further income.

Investment Highlights

(1) Highly Rated & Well Known: Well-loved staple restaurant in the community. Google rating of 4.6 with 1,000 reviews.

(2) Recently Updated Facility & Equipment: The facility is relatively new and in excellent condition. The facility recently was updated with several equipment upgrades.

(3) Located in a High Traffic Area

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