Established $1M+ Revenue Restaurant & Bar with Real Estate

Asking Price$850,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,060,000

Inventory$20,000
Not included in asking price
FF&E$483,215
Included in asking price
Real Estate$250,000
Included in asking price
Inside Restaurant
Inside Restaurant
Inside restaurant
Front of Restaurant
Mechanical Bull
Back of Restaurant and Storage Building
Side or Restaurant and Back of Commercial Building
Patio of Restaurant
Commercial Building Counter 1
Commercial Building Counter 2
Commercial Building
Commercial Building
Commercial Building
Commercial Building storage for Restaurant
Inside Restaurant
Save1/17

Established $1M+ Revenue Restaurant & Bar with Real Estate


Asking Price$850,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,060,000

Inventory$20,000
Not included in asking price
FF&E$483,215
Included in asking price
Real Estate$250,000
Included in asking price
Business Description
Turnkey, established restaurant and bar with commercial real estate
ESTABLISHED $1M+ REVENUE RESTAURANT & BAR WITH REAL ESTATE

This iconic American restaurant and bar, operating since 1925, represents a rare opportunity to acquire a beloved community institution in Luther, MI. Strategically positioned in Lake County's outdoor recreation hub, the business attracts steady traffic from ATV/UTV enthusiasts, campers, hunters, and fishing destinations year-round.

FINANCIAL HIGHLIGHTS:
• Annual Revenue: $1,060,000
• Cash Flow (SDE): $175,000
• FF&E Value: $483,215
• Inventory Value: $20,000
• Commercial Real Estate Included: $250,000

OPERATIONAL STRENGTHS:
• Nearly 100 years of community recognition and customer loyalty
• 12 experienced employees with established management systems
• Absentee owner operation demonstrating strong processes
• Minimal local competition in specialized market niche
• Great staff already in place making operations very easy to run

UNIQUE ADVANTAGES:
• Prime location in heart of outdoor recreation corridor
• Established customer base with repeat local patrons
• Destination traffic from seasonal visitors
• Expandable facility with growth potential
• Amazing food quality and loyal customer following

GROWTH OPPORTUNITIES:
Multiple expansion possibilities include enhanced marketing and social media presence, increased special events and entertainment, catering services, menu optimization, expanded takeout and online ordering, and additional promotions during slower periods. The established infrastructure provides a solid foundation for growth initiatives.

REAL ESTATE COMPONENT:
Commercial real estate ownership eliminates lease concerns and provides additional asset value. The property's location in Michigan's thriving outdoor recreation market offers potential for supplementary income streams.

OWNER SUPPORT:
Comprehensive transition assistance including training on operational procedures, vendor relationships, equipment operation, menu practices, and day-to-day business aspects. Training duration negotiable as part of purchase agreement.

This fully operational establishment offers an exceptional opportunity to step into a profitable business with established systems, loyal customers, and significant expansion potential in a high-traffic recreational destination.
About the Business
Years in Operation
101
Employees
15 Part-time
Open year around
Facilities & Assets
Sale includes the operating restaurant and bar, owned commercial real estate, and extensive furniture, fixtures and equipment required for continued operation. The property offers an established, fully equipped restaurant operation with commercial kitchen, bar, dining areas and supporting facilities. Significant FF&E and operational assets are included, providing a new owner the opportunity to step into an established turnkey business without the cost and time required to build and equip a restaurant from the ground up.
Market Outlook / Competition
Long-established restaurant and bar with an existing customer base and recognizable local identity. The business benefits from repeat local customers as well as destination and seasonal traffic. Unlike a new restaurant startup, a buyer acquires an operating business with established sales history, staff, equipment, vendor relationships and real estate already in place, creating a significant advantage over developing a competing concept from the ground up.
Opportunities for Growth
Multiple opportunities exist for a new owner to build on the established revenue base. Potential growth areas include expanded marketing and social media, increased special events and entertainment, catering and private events, menu optimization, expanded takeout and online ordering, and additional promotions to increase traffic during slower periods. An energetic new owner could pursue these opportunities while benefiting from the existing operation, customer base and infrastructure.
Real Estate
Owned or Leased
Owned
Included in asking price
About the Sale
Seller Motivation
My wife and I are looking to explore new opportunities
Transition Support
Ownership is committed to providing reasonable transition assistance and training to help ensure a smooth transfer of operations. Training can include introductions to key vendors and suppliers, operational procedures, equipment, menu and purchasing practices, and other day-to-day aspects of the business. Specific transition terms and duration can be negotiated with the buyer as part of the final purchase agreement.
Listing Info
ID
2379724
Listing Views
Business Location

Listing ID: 2379724 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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