Status: Off The Market
Very successful West Michigan eatery in well-traveled, highly desirable location available at 2x SDE. Seller willing to hold paper and provide post-close training. Outstanding lease arrangement at 10% of revenue, combined with proven track record and name recognition, make this a great opportunity for a hands-on owner/operator.
Revenue for 2011 will exceed $500,000 continuing the trend established in 2010. Labor costs (23%) and Food costs (31%) are indicative of a well-run operation. Cash flow to the owner/operator will exceed $100K in 2011 and is poised for future growth in high-traffic, growing area with additional advertising attention.
The attractive $249,900 listing price includes all assets, inventory and recipes. The seller will carry a meaningful seller note for a qualified buyer.
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|Sector:||Accommodation & Food Services|
|Classification:||United States // Midwest States // Michigan // Other Michigan|
|Sales:||Between $500 Thousand And $1 Million ($500,000)|
|Profits:||Between $100 Thousand and $500 Thousand ($100,000)|
|Profit Type:||Seller's Discretionary Cash Flow (SDCF)|
|Asking Price:||Between $100 Thousand and $500 Thousand ($249,900)|