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Lakeside Restaurant and Bar
A long-running family-owned restaurant and bar on the Lake Michigan shoreline, sold with its 1.5-acre property, serving Certified Angus Beef and Great Lakes perch.
Business Highlights
- Long-running family-owned restaurant on the Lake Michigan shoreline
- A 1.5-acre property worth $750k to $1M is included in the sale but sits outside the asking price
- Earnings have grown substantially over recent years
- Menu features Certified Angus Beef, Great Lakes perch, seafood and a full bar
Considerations / Questions to Ask
- A lakeside restaurant in Michigan is seasonal. What does revenue look like month by month?
- The property is included but outside the asking price. How is that structured?
- What is the kitchen and front-of-house staffing, and how is it recruited seasonally?
- What liquor licence is held and how does it transfer in Michigan?
- What condition is the building in, and what capital spend is due?
Opportunities
- Shoreline property with 1.5 acres is the kind of location that cannot be replicated nearby
- Events and private hire suit a lakeside site and extend the usable season
- Earnings have grown sharply without any change of ownership or concept
- Owning the land gives a buyer financing and development options beyond the restaurant