For Sale

Profitable Hometown Family Restaurant

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

Listing Price:

$600,000


Revenue: $1,295,680
Cash Flow: $225,800

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

This restaurant is a beloved family owned and operated American fare restaurant that has been a part of the 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.

The restaurant serves breakfast, lunch, and dinner, with breakfast available for purchase all day long. The entire menu is available for takeout orders as well.

There is real estate available with the purchase of the restaurant. The restaurant building is 6,500 square feet. The other building available for purchase is 1,200 square feet. Price for both properties (the restaurant building and the additional building) is $800,000. The restaurant itself is available for purchase at $600,000. The restaurant could be purchased individually if desired. Total cost for the restaurant and real estate would be $1.4 million.

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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