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Well Established American Restaurant For Sale

Michigan, US
Asking Price:
$450,000 Furniture / Fixtures included
Sales Revenue:
$406,314
Cash Flow:
$90,317

This 60+ year-established American restaurant boasts consistent financial performance with a loyal customer base and its 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.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of non-disclosure agreements (NDAs) and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK OR A FOLLOW-UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR JUNK MAIL. If the NDA email cannot be found, please email info(at)smallbusinessdeal(dot)com and request a PDF version.

Once we receive your NDA, the Confidential Business Review (CBR) will be sent to you will be sent to you from the advisor. They will be happy to correspond and answer your questions directly. Thank you for your time!

Property Information

Real Estate:

Real Property Included

Premises Details:

990 sq ft commercial space. Plus, an additional rental unit.

Business Operation

Expansion Potential:

(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.

Competition / Market:

Investment Highlights Include:

(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.

Reasons for selling:

Retirement

Employees:
32
Years established:
62

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

Ownership is willing to provide reasonable and customary transition assistance.

Furniture / Fixtures value:
$20,000 - included in the asking price

Contact Calder Capital, LLC

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