-- 3, 500 sf Bldg & 0. 89 ac Lot
-- Owned Property
-- $1. 6 Million in Sales
-- LLBO 123 Seats
-- Sale of Business w/ or w/o Property
Business for Sale: Established Family Restaurant in Midland
Key Features:
- Prime Location: Situated along Highway 12, near the city entrance from Highway 400.
- Long-Standing Business: 35 years of operation with a loyal local customer base.
- Spacious Property: 0. 89-acre lot with a standalone building, offering excellent visibility.
- Ample Parking: 35 designated parking spots and additional street parking during peak hours.
- Well-Equipped: 3, 500 sq ft dining area, 17-foot exhaust fan, 2 walk-in coolers, 123 indoor seats, and a new 28-seat covered patio.
- Proven Profitability: 2023 sales of $1, 635, 690 (per tax records) with a net profit of $356, 960 (per tax records, excluding rent).
- Owner-Absentee Model: Owner primarily oversees operations, with staff handling day-to-day tasks.
- Growth Potential: Increase revenue by expanding operating hours and more active involvement.
Business Details:
- Operating Hours: 5 days a week, 7 am to 8 pm.
- Liquor License: Included.
- Staff: 25 employees.
- Lease: Monthly rent approximately $9, 000 (includes TMI).
Asking Prices:
- Business Only: $750, 000.
- Business and Property: $2, 500, 000.
Why Buy This Business?
- Turnkey Operation: A well-established business with a proven track record.
- High-Traffic Location: Benefits from significant highway traffic.
- Growth Opportunities: Potential to increase revenue through extended hours and additional services.
- Strong Community Presence: A beloved local establishment.
Don't miss out on this opportunity to own a successful, profitable restaurant!
All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence.