Established N. Michigan Restaurant & Catering — Real Estate Included
Business Description
Restaurant & Catering Business with Real Estate — Owners Retiring
A long-established, well-known destination restaurant in Northern Michigan, operated for decades under continuous local ownership, with a complementary catering and events business.
Two complementary revenue streams:
- Full-service restaurant: approximately 75% of revenue
- Off-premise and on-site catering and events: approximately 22% of revenue, with a forward book of booked events
Strong, stable financial performance: approximately $2.45M in 2025 revenue and seller's discretionary earnings (SDE) of approximately $545,000, a 22% margin. Cash flow has been adjusted to reflect a market rent of $200,000 per year.
Real estate is included in the sale, giving a buyer both the operating business and the property it occupies.
Experienced staff are in place, and the retiring owners are willing to support an orderly transition. They are seeking a buyer who will preserve the business, its people and its character.
The market is seasonal, with a strong summer season and an established year-round local customer base.
Well suited to an owner-operator, a restaurant group, or a hospitality or real-estate investor seeking an established business with the property included.
This is a confidential sale. Further information is available to qualified buyers under an executed NDA.
Two complementary revenue streams:
- Full-service restaurant: approximately 75% of revenue
- Off-premise and on-site catering and events: approximately 22% of revenue, with a forward book of booked events
Strong, stable financial performance: approximately $2.45M in 2025 revenue and seller's discretionary earnings (SDE) of approximately $545,000, a 22% margin. Cash flow has been adjusted to reflect a market rent of $200,000 per year.
Real estate is included in the sale, giving a buyer both the operating business and the property it occupies.
Experienced staff are in place, and the retiring owners are willing to support an orderly transition. They are seeking a buyer who will preserve the business, its people and its character.
The market is seasonal, with a strong summer season and an established year-round local customer base.
Well suited to an owner-operator, a restaurant group, or a hospitality or real-estate investor seeking an established business with the property included.
This is a confidential sale. Further information is available to qualified buyers under an executed NDA.
About the Business
- Facilities & Assets
- Real estate is included in the sale. Property details are available to qualified buyers under an executed NDA.
- Market Outlook / Competition
- Seasonal Northern Michigan market with a strong summer season and an established year-round local customer base.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Experienced staff in place. Ownership is willing to support an orderly transition to new ownership.
Listing Info
- ID
- 2554562
- Listing Views
Listing ID: 2554562 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.
Businesses for SaleMichigan Businesses for SaleMichigan Food & Beverage Businesses for SaleMichigan Restaurants Businesses for Sale
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