This is a very successful seasonal restaurant that has undergone an incredible transformation since the current owner acquired it two years ago. In that time, he has completely revamped operations and dramatically increased efficiency.
That transformation includes a new, customized POS, which has sped service to the point that they can serve 60+ meals per hour. Each order is simultaneously distributed to every workstation, so all of the different parts of each order are made at the same time. That leads to meals staying hot and fresh while improving throughput.
This has resulted in enormous year-over-year growth. Halfway through the 2024 season, sales are up 23.2% vs the same period last year and 58% vs the same period 2 years ago.
The menu includes pizza, subs (grinders/hoagies) burgers, chicken, fish, fried everything along with some amazing desserts. Deep fried apple pie, deep fried Oreos and lots of different flavors of ice cream.
The location is directly on a large lake in a popular tourist destination. There is outdoor seating on picnic tables and Adirondak chairs, which both locals and vacationers love. There is a dock where boaters can tie up to come in for lunch or dinner.
The restaurant also has an $8.00 delivery deal through Square via Uber Eats, which many locals take advantage of.
This is currently a seasonal restaurant, running from April 1 to September 14.
The seller plans replace the current building with a new 1975 sq ft steel structure in November 2024. This new building will be capable of supporting year-round operation. The sale price will increase to reflect that improvement.
Financials
Purchase Price: $995,000
Cash Flow: $175,000
Gross Revenue: $764,000 (2024 YTD annualized)
Inventory: $ 15,000 +/- (included in the purchase price)
FF&E: Included
Real Estate: $650,000
Employees: 7 FT, 26 PT, including sellers
Founded: 1975
Days Open: 6 (closed Mondays)
Reason for Sale: Retirement
Opportunities for growth: Work with the town to expand the building to allow for inside seating and obtain a liquor license. There is nowhere else in town with sit-down dining and a liquor license, so the demand is there.
Training: The seller will assist with the transition.
