Popular Full-Service Restaurant | $211K+ SDE

Ottawa County, MI

Seller Financing Available
Popular Full-Service Restaurant | $211K+ SDE
Contact Seller

Asking Price: $489,900

Cash Flow: $211,400

Gross Revenue: $1,213,500

EBITDA: $100,800

FF&E: $85,000

Inventory: $15,000

Real Estate: $420,000*

Established: 1970

*not included in asking price.

Popular Full-Service Restaurant | $211K+ SDE

Save Print Share Valuation Report

Business Description

Popular Full-Service Restaurant | $211K+ SDE

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.”

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, PLEASE CHECK YOUR JUNK MAIL. If the NDA email cannot be found, please email info@smallbusinessdeal.com and request a PDF version.

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

Detailed Information

Location:
Ottawa County, MI
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
4,101
Employees:
44
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Updated facility that seats 150 customers. Situated by two main roads.
Competition:
Investment Highlights Include: (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.
Growth & Expansion:
Growth Opportunities Include: (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.
Financing:
Limited seller-financing is available for qualified buyers.
Support & Training:
Ownership is willing to provide reasonable and customary transition assistance.
Reason for Selling:
Retirement.
Business Website:
http://bit.ly/2ZdeejQ
Contact Seller

Contact the Seller

Contact Seller Loading

Matthew Baas

Business Listed By:
Small Business Deal Advisors

Small Business Deal Advisors, LLC

Show Phone Number

View My Listings

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1671465 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Beard Papa's

Franchise Opportunity
Cash Required: $100,000