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Michigan Businesses 4 Sale by Owner

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Oscoda Party Store 4 Sale by Owner

Asking: $300,000 including Real Estate, Fixed Assets, and Goodwill

Annual Sales: $642,000  Cash Flow: $52,100  SDE: $51,475

The party store opened in 1977 by its current owner; additionally, The Owner purchased the store and a side lot for parking.  The store is located yards away from the west bay of Lake Huron and within minutes away from three golf courses right on US-23.  Store hours are 8 am to 9 pm daily.

The party store retails liquor, beer, soda, cigarettes, lottery tickets, pet food, and assorted grocery items, The Owner purchases from Abraham ASA, Coke, Pepsi, 7 Up, and all beer vendors.

The party store has a solid base of year-round customers where sales are approximately 70% local and 30% are seasonal customers.

The Company currently employs five people who is paid $11.00 per hour and four others who receive $11.00 per hour.  The Owner works a part-time schedule handling administrative duty only.

TC area Three Profitable Pizza Shops 4Sale by Owner.

Asking Price: $1,100,000 Plus Real Estate

Annual Sales: $3,705,174    Cash Flow: $345,646     SDE: $454,618

Not a franchise store; three stores owned and operated in Traverse City, MI.  The first store was opened the first store in 1981 at Acme, Michigan.  Then they opened their second store in 2006, and the third store was purchased in 2008.

The Third store has a liquor license “Class C” and a full dining room.  The other two stores have limited dining space, and sales are mostly pick up or delivery.  In addition to the three stores for purchase, Acme Real Estate is also available.  The store is approximately 1200 square feet of block and wood construction in fair to good condition. 

The pizza stores offer typical menus that one would expect from a pizza store, but their exceptional pizza makes them a favorite among the locals. 

The Company employs, on average seventy-five people that include thirty-five full-time and forty part-time employees.  The totals include three managers, nine shift leaders, eight drivers, and the two owners that manage and provide bookkeeping and administrative duties.  Wages range from $10.50 to $22.00 per hour.

Grand Traverse Co Moving Company 4 Sale by Owner

Asking Price: $70,500

Sales: $64,000      Cash Flow: $25,900

The Owner started his moving company in 2009 as a sole proprietor and has remained a sole proprietor to this day.  The Owner operates simply as a one-person operation utilizing sub-contract labor when necessary.  The Company has four sub-contractors that he uses regularly and pays them twenty dollars per hour.   In addition to moving, they will load and unload your rental truck from U-Haul.

The business is run from the Owners residence.  The Owner operates his Company with vehicles that are MDOT registered.  The Company has two one-ton Chevy trucks and a 28 ft and a 30 ft trailer. The vehicles are Valued at $37,800. Additionally, the Company has a supply of Pads, packing materials, averaging three thousand dollars in inventory.

Traverse City Retailer 4Sale by Owner

Asking Price: $289,900 Includes $83,000 of Inventory

Sales: $311,500 in 2020 and $403,000 in 2019

5 Yr Averages Cash Flow: $102,600  SDE: $52,500

About the Business:  This Company is a turn-key operation walk-in and take over.

This Retailer is located in Downtown Traverse City but serves Northern Michigan.  The Company offers repair services along with its retail operations.  The Company leases its retail space with 2,100 square feet and additional basement storage at $2,700 per month.  The Lease expires in October of 2021; however, it is renewable.

The Company offers brand names such as Briggs and Riley, BRX, Sympatico, Dilana Duffels, Ricardo & Delsey Luggage.  Baggallini is the most popular brand of Lady’s handbags.

The Owner performs all key management positions and has two sales clerks trained in leather goods repair.   The employee’s pay range is $12 to $15 per hour and is considered part-time.

Current Management is ready for retirement, and the business is located in one of the most robust retail operations in the country.  The expansion would come through internet sales and an additional product mix.

Northern Michigan KFC Franchise 4Sale by Owner.

Asking Price:  $189,999   Plus Real Estate: $210,000       

Or Rent: $3,000 Monthly

Sales:   $625,000       Cash Flows:  $60,500         SDE:    $95,700                     

About the Business:  The current owner is seeking to retire after 36 years of success operating this franchise.  The Owner is willing to sell the franchise and the Real Estate that it operates.  This opportunity is COVID proof and is Ideal for a new franchise owner.  Located in Emmet and Cheboygan Counties.

The franchise store is run with excellent efficiencies and profitability.  The owner is willing to train for up to a one-season if necessary.

The Company has two key manager employees and uses fifteen to twenty summer employees hired through an employment service.  Most of these employees are exchange students from other countries brought in as part of the Mackinaw City summer employment system’s hiring efforts.

The company competes with many fast-food franchises such as Burger King, McDonald’s, Dairy Queen, Subway, and Pizza Palace.  Other food franchises have come and gone simply because the franchise systems require year-round operations. 

 Facilities:  All of the Company’s equipment on premises is included in the sale.  The new owner must pass the KFC franchiser requirements to be a franchise owner.

Growth Potential:  While this franchise store hits its maximum potential, the growth potential lies with new store expansions.

 

Grand Traverse Co year-round Outdoor Sports Shop for Sale.

Asking Price:  650,000 plus Inventory        Real Estate Value: $1,500,000

Annual Sales: $2,300,000    Cash Flow: $172,000    SDE: $150,000

About the Business:  The Business was formed in 1974 as a bicycle shop and grew over the years to a year-round outdoor sports shop including bicycles, hiking, ski equipment, and apparel associated with these outdoor sports.  The Company offers all the major brands of equipment and clothing.

The Company has 8 to 15 full-time trained employees depending on the season. Including crucial management roles as a General Manager, Service Manager, and Sales Manager.

Competition:  As a resort and vacation town, there is local competition.  However, the outdoor severe sports enthusiast that has been interviewed named this Business as the most experienced and knowledgeable in the area.

Facilities (Real Estate, Equipment, Turn-Key, etc.):  This hometown business is a turn-key operation with trained staff and second-line management in place.  The sale will be an all-asset sale that includes all equipment and storage and retail display units.

Growth Potential & Expansion Possibilities:  The current second-generation owner is ready for retirement.  This Business is prime for new blood to energize the Business with advertising and fresh ideas.  The most growth could be through expansion in the outlying areas with satellite stores.

 

Family-owned and operated Print Screen & Embroidery and Trophy shop in Manistee County, MI.

Sales:    $374,000   Cash Flows: $40,365    SDE:  $56,650

The Owner started the business in a garage in 2003 as a screen printer of T-Shirts.  Two businesses in joint business partner joined the owner in 2008, complimenting the firm by filling in customers’ needs by selling trophies and offering engraving services.

 Both companies quickly outgrew the family garage and had to find a suitable retail space. 

The Companies currently offer screen printing, embroidery, retail sales of clothing, uniforms, gift branding, graphic design, vinyl cutting, trophies and awards, engraving, and banners. 

Combined, the Companies have four non-related employees ranging from a wage base of $12 to $20 per hour.

The business has repeating customers such as schools, large Corporations, County-based as well as faith-based organizations.

Asset for Sale includes equipment, inventory, and Real Estate Value of $300,000 and maybe broken out and leased.  They are housed in a commercial space that is also for sale on a major highway.

First Family of Pizza in GT County,

After 39+ years, the family is ready to retire from the Pizza business.

Sales $500,000      SDE $135,850     FF&E $54,000    

First Family of Pizza, after 39+ years, the family is ready to retire from the Pizza business.   All the awards are in, and with several family members already retired, the rest are preparing for new adventures.  Sales have been on an annual increase and are projected to increase in the pandemic’s face in 2020.

As a traditional pizzeria, the Company offers a classic menu with multiple specialty pizzas.

Located in a prime area, the Business offers dine-in pre-COVID, carry out, and third-party delivery services.

This Pizzeria is in a very competitive market, and its success is due to the superior product.  New owners would be wise not to make any changes to the menu.

The Company currently operates very profitably on a word-of-mouth referral basis; very little is spent on advertising.  If the new owners were to increase their advertising budget and offer home delivery nearby, residential neighboring sales could increase exponentially.

The Sale will be an Asset purchase that includes all of the Companies assets, less the Cash and Cash Equivalents.

Northwest Michigan Commercial Greenhouse 4 Sale

This Commercial Greenhouse has been in business for over 34 years, and it’s time for the founder to retire.

Sales: $584,000           Real Estate Value:$88,000      EITDA: $240,565

Asking Price: $745,000 includes Business Assets, including Good Will and Rea Estate.

The Company sells its products to retailers, landscapers, and institutional groundskeepers with a small mail-order retail.  This business is ideal for an owner-operator with experience in the greenhouse business.  However, as a starter business, the owner will commit up to a year for training on a consulting contract basis.

The Company is a year-round operation with 4 employees and 10 seasonal employees.

The Greenhouse has 28,960 Sq. Ft. with 5 bays and sits on 3 acres of property included in the sale price.  The Premises is in excellent condition and has an enhanced setup for automated watering and heating.  The business has tremendous potential for facility expansion.

Business expansion for a go-getter offers expanded sales opportunities, including institutional and retail growth.

Northwest Michigan Auto Auction and Salvage Company is for sale. 

Current ownership is seeking to retire. 

This thirty-seven-year-old second-generation Company is highly profitable and ideal for a small investment firm. The Company has management in place to continue operations given leadership with some vision.

The Company currently offers Used Auto, Truck, and RV Sales, Auto Salvage, and Service for internal purposes only. 

The Company holds Auto Auctions, and post-COVID is continuing online sales as most Auto and RV sales have done very well and have prospered.

The Company has fifteen employees, including an operations manager, sales manager, parts manager, and office manager.  The majority of the employees and all of the managers are well seasoned.

The sale price includes Real Estate and Company Assets less Cash and Receivables.  The Company sits on approximately 31 acres with various buildings and infrastructure for blacktop paving and lighting systems.

The Company has many options for increased growth by merely offering service for customers, growing parts sales, and taking its salvage portion to sell the parts.  As the sum of the parts is greater than the value of the whole.  An additional expansion could expand Auto Sales, Financing and increased RV Sales and alignment as a Dealer.

Gand Travese County Metal Fabricator

The Company offers Sand Blasting and Powder Coating, Welding, Metal Fabrication, and Dock Manufacturing.  The product runs are generally one at a time and prototype but are set up to manufacture up to 700 pieces.

Repair work for out-of-production parts and one-of-a-kind pieces makes up most of their work orders.  The Company manufactures Docks at a customer’s request.   A Company’s specialty is its ability to build and repair metal handrails.

Their customer base is made up of local farmers, manufacturers, and the general public.

The Company also employs an office assistant, two sandblasters, two welders, and two floating workers, plus the partners who provide all of the management.  Owners provide all management responsibilities.

Traverse City Pet Groomer

The Company was opened in 2008 by its current owner at the same location, in Traverse City, MI.  The Company offers dog and cat grooming and other services, including bathing, brushing, nail clipping, teeth brushing, and other services.  The store is open six days per week by appointment only.  The facilities are inviting to customers and their pets, and you can wait while your pet is being groomed.  Customers may watch on a closed-circuit TV to see the services as they are being performed.

The Owner also provides training for online dog grooming schools, called externships, to future dog groomers.

Currently, the Company has three groomers who are subcontract employees.  Compensation is a 50% split of customer charges plus tips.  The Groomers average $1,200 per week working part-time.

Competition.  There are several pet groomers in the Traverse City Area.  Among them are The Clipper Grooming, Petit Pooch Shop, Pawsitively Beautiful Pet Grooming, Diana’s Personal Touch, Doggie Style Grooming Station, Artistic Grooming, and Brenda’s Pet Parlor, American K-9, Petit Grooming.

Manistee County Lumber & Supply.

The Company is a fourth-generation family-owned business beginning in 1920 and owned and operated by the same Owner since 1999.  

This Lumber Yard and Building Supply Company is a member of two nationally known buying groups that offers brand name building supplies, including Aristocraft and Medallion Cabinetry, Anderson Windows.

The company supplies materials contractors and residents within Manistee and Benzie Counties. The service area includes Frankfort, Manistee, Bear Lake, Onekema, Gilroy’s, Arcadia, Benzonia, Irons to the south, and points in-between. Manistee County Lumber & Supply Company customers make up two-thirds of contractors to a one-third DIY customer ratio.

The company employs four full-time employees plus the Owner and his wife as a part-time bookkeeper.  One of the employees is designated as a manager and is fully capable of operating the Company in The Owner’s absence. 

 

Businesses 4 Sale by Owner
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