Profitable Upscale Restaurant
Port Huron, Michigan
| Asking Price: |
Gross: |
Cash Flow: |
| $1,200,000 |
$2,206,619 |
$155,648 |
Furniture and Fixtures Value:
$200,000 (included in the asking price)
Inventory Value:
$80,000 (included in the asking price)
Real Estate:
$750,000 (included in the asking price)
Business Summary:
This restaurant provides upscale dining in a casual atmosphere. Committed to providing an exceptional dining experience, the restaurant offers a selection of high-quality, fresh, and regionally sourced cuisine as well as an assortment of fine wines, draft beers, and cocktails.
The restaurant is situated in a 125-year-old fully restored historic building in a bustling downtown area. The space boasts an inviting atmosphere, complete with a full bar and dining area, three private dining rooms, and a rooftop seating area and bar. The historic building is included with the sale of the restaurant.
The restaurant is well-loved by both locals and tourists visiting the area, as evidenced by its impressive 4.6-star average rating across over 1,000 Google reviews. Additionally, the business demonstrates strong financial stability, generating approximately $2 million in both 2021 and 2022. As the year 2023 progresses, it continues to demonstrate a trajectory of sustained success.
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| Year
Business was Established: 2007 |
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| Number of Employees:
30 PT |
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Facilities / Terms of Lease:
125-year-old, fully restored historic building features 6,000 sq. ft. with a full bar and dining area, three private dining rooms, and a rooftop seating area and bar. |
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Potential
Growth/Expansion:
Growth Opportunities:
(1) Open On Sundays
(2) Create a Brunch Menu
(3) Increase Marketing |
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Competition:
Investment Highlights Include:
(1) Consistently High Profitability
(2) Updated Historic Facility
(3) Prime Location |
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Owner
willing to finance:
Limited Seller-Financing Available for Qualified Buyers. |
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Owner
willing to train:
Ownership is willing to provide reasonable and customary transition assistance. He is willing to continue working for the business for at least 6 months. |
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Reason for selling:
Ownership would like to pursue retirement. |
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| REQUEST MORE INFO |
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