Small Business Deal Advisors (“SBDA”) is pleased to announce the sale of Grand Rapids, MI-based Marco Bistro to Providence Street Restaurant Group.
Founded in 2002, Marco Bistro is an award-winning, polished casual neighborhood restaurant. The restaurant offers simple, well-made food in a quaint, comfortable French bistro setting. The staff prepares a seasonal menu featuring American and European dishes with the freshest and finest ingredients, which are locally sourced whenever possible.
Regarded as a "hidden gem" by MLive, Marco Bistro has been a fan favorite for years. It has received multiple upscale dining awards and is highly rated online.
The restaurant was founded by Mark McNamara. According to Mark, "I've truly enjoyed growing Marco Bistro over the past 17 years. It has been a pleasure serving our countless guests. With that said, I am excited to hand the reigns over to Providence Street Restaurant Group. I have no doubt that it will continue to thrive."
Providence Street Restaurant Group is led by Rick and Beth Buskard.
Mark continued, “Thank you, Small Business Deal Advisors, for helping me sell the restaurant. Doug Yntema was instrumental in getting the transaction completed. SBDA offers superb service and saved me money in the process. Thank you!"
Doug Yntema, the lead advisor who managed the deal, added, “It was a pleasure working with Mark representing Marco's Bistro. He built a great organization. I think we found a fantastic fit and I'm excited to see the restaurant continue to grow strongly over the coming years with the support of its new ownership."
Marco Bistro marks SBDA's fourth restaurant transaction and ninth overall transaction completed in 2019.
SBDA served as M&A advisor to Marco Bistro. This included providing advisory expertise and managing the preparatory, marketing, due diligence, and negotiation phases of the transaction.
Terms of the transaction were not disclosed.