Restaurant with Real Estate and Liquor License in Western Michigan. New Price

Contact: Malcolm Fenton
Phone: 616.558.8697
Email: [email protected]
Your Reference ID: MF010022017

Description:

We are pleased to offer a casual, comfortable, family-oriented restaurant located in a charming small town with a variety of agricultural and scenic venues available year around. There are many lakes and rivers nearby that are busy with the pursuits of locals as well as hungry vacationers. Open seven days a week, this 110 seat facility is located in a beautiful historic building rarely seen as a restaurant venue. Breakfast items are offered all day but, a full-service menu with amazing lunch and dinner selections is always available. The menu is diverse, thoughtful and, delicious. Other suggestions include specialty beers and wines paired to complement menu selections.

Revenue is expected to top $780,000 this year with the prime season being May 1st thru late-October.  Catering and special private events for local clientele provide revenue throughout the year. A limited bakery operation provides fresh baked products (breads, cookies, pies) for dining customers as well as drop-in retail customers. And, a selection of very popular “souvenirs” is available to tourists as a remembrance of their special visit here. Seller’s estimate of value is $211,000 for the Real Estate plus a six figure SDE with a low multiple of 1.85 times for a revised combined offer of $440,000 valuation for the business and Real Estate. Seller’s report that in the first eight months of 2017 sales have been approximately 15% above the same months’ performance in 2016.
Due to the new price, this is an amazing opportunity for someone who enjoys and understands the restaurant business and wants the money that success brings. Sellers are willing to provide up to 30% financing on a seller note. And, they will be available on a negotiated basis to assist with a smooth transition. This is a business which proudly supports the community in which it operates.

For more information and a tour of the property, please contact Malcolm Fenton at 616.558.8697 or email at mfenton@praxisbusinessbrokers.com.

Other Information:
Seller financing of up to 30% is available.

Location(s): West Michigan

Asking Price: $440,000
Cash Flow: $103,000
Gross: $780,000

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