Restaurant for Sale in Traverse City

Charming family restaurant in business for over 20 years is well loved by the community and the tourists alike. It is located on a busy thoroughfare that affords high visibility for the business. The restaurant is known for its stellar breakfast and lunch menu. There is an adjoining retail space, which provides additional revenue streams and is useful in keeping people busy and spending while waiting for a table at peak hours. Remodeled and updated in 2019, there is outdoor seating on a pleasant patio. The greater Traverse City area is highly rated as a year-round tourist destination in the USA, offering summer and winter activities.


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The restaurant has an established brand well known throughout the Midwest region and other parts of the country. It has been profitable year after year including 2020 despite COVID-19 restrictions and lockdowns.

Asking price

1,550,000

Price includes real estate, turn key business all trade fixtures, web sites and associated domain(s) as well as ecommerce business.

Owner financing

Owner/seller financing is available.

Owner may be willing to offer short term owner financing to well qualified buyer. Contact us for terms

Key financial facts and forecast

Financial statements available with signed NDA. Full financials to be provided with signed offer during due diligence. Prior Phase I Environmental study also available.

Profit forecast

Pictured above: Profit Forecast


The business value graphed against a range of cost of equity

Pictured above: Business Value graphed against Cost of Equity


Reason for selling

Retirement

Required buyer qualifications

Buyers should be financially qualified as well as have some retail/management experience

Sales Memorandum

Download Sales Memorandum

Contact seller


Category: Business | Restaurant


Updated:

Located in Traverse City, Michigan, US

Listed by

Cygnus Real Estate

Website