Listing Number: 60351-906293
Description
Rare opportunity to own an historic full-service breakfast and lunch restaurant located in a busy lakeshore resort community. The area is a popular tourist destination and this business benefits from nearby short-term rentals and multiple campgrounds, but is also well supported by a regular crowd of local residents. This family owned and operated café seats approximately 75 patrons and currently employs one full-time manager and three part-time employees. The restaurant has historically kept seasonal hours and typically shuts down for approximately two months in the winter.
The business leases approximately 3,000 SF for $1,200 per month. The lease includes the majority of the food service equipment and furniture (owned by the landlord) and is set to expire in March of 2024. The current owner is willing to work with the buyer and landlord to secure a new lease that is amenable to the new owner.
The current owners reopened in March of 2022, after a closure of several months. In this short time, they have done all of the labor-intensive and costly work of getting this establishment licensed and permitted, building a menu and following, all while creating positive cash flow. This is truly a turn key opportunity for a new owner.
Listing Details
- Price: $ 65,000
- Down Payment: $65,000
- Sellers Discretionary Earnings: $ 29,436
- Total Sales: $ 164,847
- Location: Allegan County, Michigan
- Inventory: $ 4,000
- FF&E: $ 1,500
- Employees: 4
- Year Established: 1935
- Reason for Selling: Pursing other business opportunities
- Category: Restaurants
