Price: $1,950,000
Location: Michigan
Industry: Restaurant & Bakery
Status: New
Listing Description
This well-established, family-owned business, with over a century of history, is a beloved brand offering a full-service restaurant along with retail, wholesale, and e-commerce operations. Renowned for its homemade goods and local souvenirs, it generates over $250,000 profit annually during its peak operating season from May to October, with additional income from gift sales during the holiday months. The current seasonal structure provides a flexible lifestyle, allowing owners extended downtime in the off-season or the potential to expand operations to drive higher revenue year-round.
New ownership offers a wealth of growth opportunities, from extending the season into the holiday months to adding breakfast service or acquiring a liquor license, which would diversify the dining experience. The business has recently upgraded its e-commerce platform, providing the foundation for scaling online sales with further potential through additional marketplaces like Amazon and Walmart. Expanding wholesale distribution also presents a valuable opportunity, particularly by tapping into untapped regions and customers.
Other growth strategies include launching a food truck to serve the brand’s signature products at events and festivals, boosting off-season sales through gift shows, and exploring franchising to replicate its success in new locations. With a loyal customer base and strong brand equity, this business is primed for further success under new ownership, providing flexibility to either maintain its current model or pursue significant growth and increased profitability.
Listing Details
Total Sales: $1,523,812
Cash Flow: $324,007
EBITDA: $259,007
FFE: $166,850 (Included in Price)
(Included in Price)Real Estate: $1,160,000 (Included in Price)
Reason For Sale:
Owners wish to pursue other opportunities
Training & Support:
Owners will assist in transition of the business to ensure its continued success
Operation
Days & Hours of Operation: Various on season
Employees: 56
Managers: 4
Location
Type of Location: 2 standalone locations – restaurant & retail/bakery
Square Footage: 7874
Facilities Information:
2 standalone locations – restaurant & retail/bakery
Summary
Competition:
No major direct competitors
Potential Growth:
The business has consistently shown profitability and continues to grow annually, leveraging its prime location in a popular Northern Michigan tourist destination. Maintaining high standards in food quality, service, and facility updates ensures its ongoing success.
Several key growth opportunities include introducing breakfast service to fill a local market gap, expanding wholesale accounts through targeted sales, and enhancing e-commerce following the 2024 relaunch of its Shopify platform. Additional growth could be realized by offering products on Amazon and Walmart, or by commercializing its signature drink for broader distribution.
Other strategies include launching a food truck to reach new locations, acquiring a liquor license to diversify offerings, and participating in holiday gift shows to boost off-season sales. Outsourcing production processes could also increase operational efficiency. Franchising and expanding product lines, including new retail items and themed products, represent potential long-term growth avenues.
Immediate steps for revenue growth could focus on breakfast service, wholesale expansion, and participation in high-traffic events like gift shows and local festivals. These initiatives would significantly enhance both market reach and profitability.
Financing/Terms:
Seller willing to provide limited seller financing to assist in securing SBA loan