HIGHLIGHTS:
$149,000 Asking Price
$230,358 Unbroker FairVal™
Established 40+ Years
$1,091,659 Gross Sales
$102,400 SDE
$136,000+ Equipment Included
4,000 Sqft Interior + 2,300 Sqft Patio
Turnkey Restaurant with Loyal Staff & Local Reputation
Note: Actual business location may vary to protect confidentiality
DESCRIPTION:
This is your chance to own one of the most well-known and beloved restaurants in the Lakes Region. Operating for over 40 years, this profitable, full-service establishment offers traditional American cuisine in a spacious, charming environment with historical character and modern upgrades. Located in a high-traffic area in a historic mill property, the business draws a loyal customer base of both locals and tourists.
The 4,000-square-foot interior includes a dining room with seating for 82, a full bar with 40 seats, and semi-private spaces ideal for events. A large seasonal outdoor patio adds 2,300 square feet and can accommodate an additional 70 guests. The space is equipped with a pergola, fire pit, heaters, and stylish décor, making it a high-revenue opportunity during peak seasons.
Recent investments include a cloud-based POS system, security and remote management systems, and kitchen upgrades—all included in the sale along with $136,000+ in well-maintained furniture, fixtures, and equipment. The infrastructure is dialed in, allowing the current owner to manage operations part-time with the support of a trusted and experienced team, including a seasoned operations manager.
The business grossed over $1.09M in 2023 with seller discretionary earnings of $102,400, and there’s still plenty of room for growth. A new owner could boost revenue by expanding hours (currently closed Sundays), maximizing use of the patio for private events, and enhancing catering services. This is a rare opportunity to take over a turnkey operation with a deeply rooted reputation and a highly visible location in a destination area.
Whether you’re an experienced operator or a lifestyle buyer looking for a rewarding hospitality venture, this is a must-see opportunity with a solid foundation and real upside.
Disclaimer:
Unbroker LLC does not guarantee the accuracy or completeness of the information provided in this listing, as it is supplied directly by the seller. Prospective buyers are strongly encouraged to conduct their own due diligence. Any real estate represented as part of this transaction is sold directly by the business or property owner and not by Unbroker LLC.
Ad#:2308519
