Very well known and popular surrounded by Atv trails, campgrounds etc
Business Description
Multiple Properties, Commercial and Residential Rental Opportunities
Established American Restaurant in Luther, MI - A Legacy Opportunity
Founded in 1925, this iconic restaurant has become a cornerstone destination in Lake County's outdoor recreation hub. Strategically positioned in the heart of ATV/UTV trail systems and surrounded by campgrounds, hunting, and fishing destinations, this establishment attracts a steady stream of outdoor enthusiasts and tourists year-round.
Financial Performance:
- Annual Revenue: $800,000
- Cash Flow (SDE): $150,000
- FF&E Value: $633,215
- Inventory Value: $20,000
- Real Estate Value: $400,000
Business Operations:
- 12 dedicated employees with experienced management team in place
- Absentee owner operation demonstrates strong systems and processes
- Nearly 100 years of community recognition and customer loyalty
- Minimal local competition in this specialized market niche
Unique Value Proposition:
This restaurant has earned its reputation as the premier dining destination in the county, offering exceptional food quality and atmosphere that keeps customers returning. The current owners have elevated the establishment to new heights over their 8-year tenure, building on decades of community trust.
Multiple Revenue Streams:
Beyond the restaurant operation, this opportunity includes commercial and residential properties providing additional income potential through rentals or VRBO operations. The area's hot real estate market presents immediate monetization opportunities for the included properties.
Growth Potential:
- Expansion opportunities within existing commercial building
- High-demand location for vacation rentals
- Untapped potential in seasonal outdoor recreation market
- Move-in ready residential components for immediate rental income
Owner Support:
Seller offers 3 months of training and ongoing support to ensure smooth transition.
This turnkey operation represents a rare opportunity to acquire a beloved community institution with multiple income streams and significant expansion potential in Michigan's thriving outdoor recreation corridor.
Founded in 1925, this iconic restaurant has become a cornerstone destination in Lake County's outdoor recreation hub. Strategically positioned in the heart of ATV/UTV trail systems and surrounded by campgrounds, hunting, and fishing destinations, this establishment attracts a steady stream of outdoor enthusiasts and tourists year-round.
Financial Performance:
- Annual Revenue: $800,000
- Cash Flow (SDE): $150,000
- FF&E Value: $633,215
- Inventory Value: $20,000
- Real Estate Value: $400,000
Business Operations:
- 12 dedicated employees with experienced management team in place
- Absentee owner operation demonstrates strong systems and processes
- Nearly 100 years of community recognition and customer loyalty
- Minimal local competition in this specialized market niche
Unique Value Proposition:
This restaurant has earned its reputation as the premier dining destination in the county, offering exceptional food quality and atmosphere that keeps customers returning. The current owners have elevated the establishment to new heights over their 8-year tenure, building on decades of community trust.
Multiple Revenue Streams:
Beyond the restaurant operation, this opportunity includes commercial and residential properties providing additional income potential through rentals or VRBO operations. The area's hot real estate market presents immediate monetization opportunities for the included properties.
Growth Potential:
- Expansion opportunities within existing commercial building
- High-demand location for vacation rentals
- Untapped potential in seasonal outdoor recreation market
- Move-in ready residential components for immediate rental income
Owner Support:
Seller offers 3 months of training and ongoing support to ensure smooth transition.
This turnkey operation represents a rare opportunity to acquire a beloved community institution with multiple income streams and significant expansion potential in Michigan's thriving outdoor recreation corridor.
About the Business
- Years in Operation
- 100
- Facilities & Assets
- Restaurant 206 State St is fully operational and walk-in ready(open 7 days a wk) Inside seating approx. 100 with additional 30+ outside All Fixtures & Equipment Included, 200 State St Commercial property and Building started to put together Bakery and Store Bakery equipment, New 200 amp service counters, and products, 301 Maple is a Newly Renovated Home on very large corner Lot, 2bdrm, 1 Bath, full laundry, 2 car garage, New Metal Roof 2024, Siding Vinyl & Pella Windows, Most Flooring and all appliances are 3 yrs old, Inc 2021 Cub Cadet Zero Turn Mower
- Market Outlook / Competition
- This Establishment has been around for a very long time, During our 8yrs we have brought it to the top of the game in the County for Food & Atmosphere, the area definitely is not saturated by any means one other place in this small town, Directly in the heart of the Orv/Utv Trail system, Hunting & Fishing Vrbo Rentals
- Opportunities for Growth
- Growth & Expansion is huge opportunity with this Location / Deal Restaurant & the included commercial building many options could have sold or leased many times over, Not including the residential property included, the Area is Hot for real estate especially move in ready and all new and completely furnished or hit the button and instant VRBO
Real Estate
- Owned or Leased
- Owned
- Included in asking price
About the Sale
- Seller Motivation
- My wife and I have decided to move on and chase other opportunities,
- Transition Support
- We will extend 3 mo. training and or Support
Listing Info
- ID
- 2379724
- Listing Views
- 632
Business Location
Listing ID: 2379724 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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