Grand Rapids Area Restaurant
Location Michigan,United States
Asking Price Range $250K - $500K
Gross Revenues $218000
Net Profit / Cash Flow $80000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2000
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Owned
Description Successful Grand Rapids area restaurant located in a high-traffic area. ÿ The restaurant is currently open 6 days a week for breakfast and lunch.ÿ The current owners have been running this long established business for about 12 years.ÿ The real estate is included in this offering which includes 2 apartments located above the restaurant.ÿ The business has a proven track record with name recognition, making this a great opportunity for a hands-on owner/operator.
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Revenue in 2011 was approximately $218,000 (closed on Sunday's).ÿ Revenue in 2010 was approximately $253,000 (partially due to being open on Sundays).ÿ The attractive $360,000 listing price includes the real estate, assets and inventory.ÿ The seller will carry a meaningful seller note for a qualified buyer.ÿ To learn more about purchasing this proven business, call Capstone Business Brokerage at 616-847-1031.
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