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Very Popular Traverse Area Landmark Restaurant 4Sale by Owner.
Asking Price: $795,000, Includes Real Estate
Sales: $890,000 Cash Flows: $110,500 SDE: $162,795
This Restaurant has a 4 out of 5 trip advisor rating with 190 reviews. Open for Breakfast, Lunch, and Dinner seven days a week. Additionally, catering is offered to its customers for weddings, graduations, and large parties.
The Restaurant seats 72 people comfortably and offers moderately priced cuisine, and has a Class C Liquor License included with the Sale.
The operation employs 22, including two managers. The business is fully scalable and only requires General Management and Accounting.
The Sale includes All of the Operating Assets, including the Liquor License and Real Estate.
Future growth can be archived through marketing.
NE Michigan Premiere destination Restaurant and Bar 4Sale by Owner.
Asking Price: $340,000
Sales: $600,000 Cash Flows: $51,000 SDE: $75,000
About the Business: This 4.5 Star rated Restaurant offers a wide variety of dining choices from Burgers, Wraps, Pizzas, Salads, and Small Bites. Additionally, Beers, fine wines, and hand-mixed cocktails round out your dining experience. Caterings are also available.
Separately the Lounge, in addition to its beers, wine, and cocktails, offers live entertainment.
Operating two separate profit centers just a few steps away from each other, the Company enjoys the ability to cross-train its employees. Currently, the Company has sixteen wait staff plus a front-of-the-house manager and a Bar manager, six kitchen staff, and a full-time Bookkeeper.
Facilities: The Restaurant enjoys a great relationship with its landlord and a long-term lease is available. The sale includes all of the Companies Leasehold improvements and equipment.
Growth Potential: This restaurant has been featured on the TV program “Under the Radar” and the growth for this company is through increased advertising to downstate travelers.
NE Michigan Resort Town Party Store 4Sale By Owner.
Asking Price: $390,000 Real Estate Included
Sales: $1,330,000 Cash Flows: $53,500 SDE: $52,000
About the Business: The Company specializes in quality meats, homemade sausages, deli meats, packaged spirits, wine, and groceries. In addition, the store offers unleaded gas, Lottery, and cigarettes.
Gasoline sales make up approximately twenty percent of the sales, and alcohol contributes twenty-five percent of the Company’s sales.
The Company advertises with signage, local paper specials, coupons, and they also sponsor community activities such as Little League Baseball, high school, and middle school athletic boosters.
Aside from the owner, the Company operates with two managers, and in addition, they make up the opening and closing people, the meat cutter, and the deli counter.
There are currently seven to ten employees with three full-time core employees (two are managers) and four to seven part-time employees in the summer and during holidays. The average pay range is $11 to $13 per hour.
GT County Michigan Commercial Construction Company 4Sale by Owner.
Asking Price: $1,510,000
Annual Sales: $3,100,000 Cash Flow: $320,000 Equipment Value: $812,535
Since 2005 this Commercial Construction Company has been a leader and innovator in its area of expertise. The Company services customers from Grand Rapids East to East Tawas North to the Bridge.
The projects can range from Governmental, Schools, and Commercial Buildings with about 15% Residential.
The Company has seventeen employees of office staff, an administrator, a sales manager, a salesperson, two project managers, an office manager, and a service manager. In the field, the Company has three foremen and twelve installers. The office staff has an average pay rate of $25 to $27 per hour. The field staff has a pay range of $15 to $23 per hour, with employee benefits offered to all employees.
The Company is housed in a leased building in Grand Traverse County. A lease is available but can be moved. All Equipment is included in the Sale.
Northern Michigan RV Dealer 4Sale by Owner.
Asking Price: $850,000 Includes Real Estate Valued at $490,000
Annual Sales: $1,700,000 * Cash Flow: $175,000 * SDE $188,000
A Northern Michigan RV Sales and Service Dealer 4Sale by Owner. The current owners are retiring after operating this successful business for over twenty-one years. Since 2005 this RV dealer has serviced its customers with distinction earning a Facebook rating of 4.5 out of 5 stars.
The Company sales in 2020 were $1.5 million dollars and they are on track to do $1,700,000 in 2021, netting the Owners $140,000 in earnings in 2020 and $188,000 in 2021. This Company is an excellent Buy for Cash Flow.
The Company sells brand-name RV’s such as Classic, Super Lite RV’s, and used RV’s. With six employees, including three service techs, the Company operates out of a 6,500 sq. Ft. service and sales facility along with six acres for sale.
Huge potential growth opportunities including sales via the internet and capitalizing on market share as preliminary competition in the area is also retiring from their Business, leaving a considerable void.
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 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.
Grand Traverse Co year-round Outdoor Sports Shop for Sale.
Asking Price: 300,000 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 Real 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, increased RV Sales, and alignment as a Dealer.