For Sale

Well Established American Restaurant

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

Listing Price:

$450,000


Revenue: $406,314
Cash Flow: $90,317

Real Estate Available: For Sale
Reason For Sale: Retirement
Number of Employees: 32

This 60+ year-established American restaurant boasts consistent financial performance with a loyal customer base and proximity to highways!

The menu is filled with classic American favorites, including hot dogs, burgers, shakes and floats.

The current owners operate the business seasonally, around six months per year, in order to enjoy six months off.  A new owner could continue seasonal operation or easily stay open year-round for carry-out and delivery.  With the option to add a drive-thru this business has room for increased growth.

This turn-key business operates out of a well-maintained facility. While the dining room was closed during the pandemic the owners utilized that opportunity to make updates to the facility, including a new HVAC system.

The real estate and a rental home, that shares the property, are included in the price. The rental home adds additional year-round income or could be a perk for a manager.

Opportunities for Growth

(1) Extend Open Season: The Company is family-owned and chooses to operate about six months per year. Therefore, new ownership could extend the open months or even stay open year-round with carryout and delivery options.

(2) Drive-Thru Addition: With its high-traffic location a drive-thru could expand the potential growth of this restaurant.

Investment Highlights

(1) Small Town Strength in a High Traffic Area: The restaurant operates in a robust small town market and has thrived in its 60+ years of operation.

(2) Prime Vendor Relationships Keep Supply Costs Down: Long-term partners tap into significant discounts on food, janitorial supplies, and equipment.

(3) Profitable and Turn-key: The Restaurant is highly profitable and operates out of a well cared for and up to date facility. Being turn-key allows a new owner to focus on further growth and no further investment in equipment or improvements.

(4) Raving Reviews & High Ratings: Strong customer reviews keep clientele coming back and bring in more new customers.

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