For Sale

Profitable Upscale Restaurant

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

Listing Price:

$1,200,000

Revenue: $2,054,705

Cash Flow: $231,394

Financing Terms: Limited seller-financing is available for qualified buyers.

Real Estate Available: Included in Sale Price
Reason For Sale: Ownership would like to pursue retirement.
Number of Employees: 30 Part-time employees

This restaurant provides upscale dining in a casual atmosphere. Committed to providing an exceptional dining experience, the restaurant offers a selection of high-quality, fresh, and regionally sourced cuisine as well as an assortment of fine wines, draft beers, and cocktails.

The restaurant is situated in a 125-year-old fully restored historic building in a bustling downtown area. The space boasts an inviting atmosphere, complete with a full bar and dining area, three private dining rooms, and a rooftop seating area and bar. The historic building is included with the sale of the restaurant.

The restaurant is well-loved by both locals and tourists visiting the area, as evidenced by its impressive 4.6-star average rating across over 1,000 Google reviews. Additionally, the business demonstrates strong financial stability, generating approximately $2 million in both 2021 and 2022. As the year 2023 progresses, it continues to demonstrate a trajectory of sustained success.

Opportunities for Growth

(1) Open On Sundays
(2) Create a Brunch Menu
(3) Increase Marketing

Investment Highlights

(1) Consistently High Profitability
(2) Updated Historic Facility
(3) Prime Location

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