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: Business Operations: 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: 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.
- Annual Revenue: $800,000
- Cash Flow (SDE): $150,000
- FF&E Value: $633,215
- Inventory Value: $20,000
- Real Estate Value: $400,000
- 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
- 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