Legacy business -- Bakery/Restaurant In Houghton County

Asking Price$2,100,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,200,000

Inventory$30,000
Included in asking price
FF&E$120,000
Included in asking price
Real Estate$1,500,000
Included in asking price
Phil Stagg photo of Roy's
Phil Stagg photo of Roy's
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Legacy business -- Bakery/Restaurant In Houghton County


Asking Price$2,100,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,200,000

Inventory$30,000
Included in asking price
FF&E$120,000
Included in asking price
Real Estate$1,500,000
Included in asking price
Business Description
Wanting a great business in the Keweenaw?
Discover an exceptional opportunity to acquire a 25-year legacy pasty shop and bakery combined with valuable waterfront real estate, two Airbnb accommodations, multiple dining areas, a developing specialty coffee program and significant expansion potential in the heart of Houghton, Michigan.
This unique 6,600-square-foot mixed-use property sits directly on the waterfront with spectacular views overlooking the iconic Portage Lake Lift Bridge, one of the Keweenaw Peninsula’s most recognizable landmarks.
The property offers indoor dining on both the upstairs and downstairs levels, outdoor patio dining overlooking the waterfront, two Airbnb accommodations and an established pasty and bakery business with a stellar reputation for quality and customer service.
With the waterfront real estate valued at approximately $1.5 million, this offering provides a rare combination of an established operating business, valuable real estate, hospitality income, multiple dining environments and significant future growth opportunities.
A 25-Year Keweenaw Legacy
For a quarter of a century, this business has served the Houghton community and visitors to the Keweenaw Peninsula.
Over 25 years of operation, the business has earned a stellar reputation based on:
• Exceptional product quality
• Consistent pasties and bakery products
• Outstanding customer service
• Customer loyalty
• Community relationships
• Keweenaw heritage and tradition
• A recognizable local brand
About the Business
Years in Operation
25
Employees
24 (14 Full-time, 10 Part-time)
Fully staffed, long time employees and team members.
Facilities & Assets
Waterfront location next to the Portage Lake Lift bridge, features two 1,200 square foot air bnb rentals on the second floor, right on Portage Canal, snowmobile (winter) and bike/walking/atv trail (summer), 25 years in business with a stellar reputation for quality, service and community partnerships.
Website
Show Website URL
Market Outlook / Competition
Niche business with very little competition for pasties, some competition for donuts, but we are known for better quality and selection.
Opportunities for Growth
We are currently wanting to add specialty coffee to our menu, our shipping business is GROWING, we also feel a drive through would knock it out of the park!
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
6,600
About the Sale
Seller Motivation
We are getting towards retirement!
Transition Support
Current owners are willing to stay on to work with buyers until they are comfortable with all aspects of the business operation and fully trained in.
Listing Info
ID
2541773
Listing Views
Attached DocumentsAttachment Disclaimer

Turnkey Pasty Shop, Bakery & Waterfront Mixed-Use Investment Opportunity (2).docx


Listing ID: 2541773 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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