Business Category: Other Eating & Drinking Places and Restaurants
City/Region: Ottawa County
Listing Price: $489,900
Cash Flow: $211,400
Equipment Value: $85,000
This full-service Restaurant serves breakfast, lunch & dinner and generates strong cash flow without significant owner involvement. The Restaurant has an expansive menu that focuses on homestyle favorites while also featuring new items that are bolder and appeal to a younger crowd.
The Restaurant has a semi-private dining room available for reservation that seats up to 40 people and has become increasingly popular amongst families and businesses. The location is conveniently situated by two major roads and makes it a common stop for locals.
Current ownership sees great potential for growth in the Restaurant but wishes to retire.
From the seller: “We have been in the restaurant business for over 28 years and have seen continued increases in sales. We are nearing retirement so it is time for us to move on but we still see untapped potential in this restaurant. We are willing to assist the new owner in a mentorship role for their first year.”
Opportunities For Growth:
(1) Additional Hours: By opening on Sunday, revenue would grow substantially without the need for added capital.
(2) Add Alcohol Beverages: Serving alcoholic beverages could increase average order totals and improve margins.
(3) Expand Catering: There are always more catering requests than the Restaurant can process, so focusing on this division could be highly effective in growing the business.
(4) Additional Delivery Services: Pizza delivery could be added for enhanced sales as well as additional delivery partners.
(1) Consistent Growth: The Business has grown revenue every year under current ownership (since 2013!) and maintains high margins.
(2) Diverse Customer Base: A wide range of menu options and services has appealed to a newer, younger demographic while still keeping the elderly crowd satisfied.
(3) Loyal Customer Base: The Business has a reputation for excellence and gets involved with numerous community events to establish a customer base that trusts its quality and values.
(4) Easy Access: The Restaurant is easily accessible through its convenient location and modern delivery services, DoorDash and Holland Eats.
Real Estate Value: $420,000
Real Estate Available: For Sale
Reason For Sale: Retirement
Number of Employees: 44