Description of the business for sale
Own the largest supper club within 27 miles in the Big Snow Country in the Upper Peninsula of Michigan, where the average snow fall is over 200 inches per year. This bar, restaurant and banquet facility can service parties up to 400 people. Its clientele includes business people and local residents; and the tourists attracted by four local ski resorts in the winter, and other nature-related activities in the summer.
“It’s like working in paradise,” says the owner.
The restaurant offers a wide range of American cuisine, including steaks, ribs, soups, sauces, sandwiches, pasta and seafood with a kid’s menu and a fantastic salad bar; and it comes with three fully trained cooks. The second floor has 14 apartment units, which provide steady rental income year-round. It also permits the owner to live on site.
This premier dining facility, including a 20,000 S.F. building and a detached parking lot is available for $595,000. Business SDE + Apartment NOI = $87,000 before debt service; after debt service the owner’s cash flow est. at $45,000+. A husband/wife team could make $70,000+ after debt service. He and his wife are selling, so they can join his son, daughter-in-law and four grand children in Idaho.
The seller is a licensed Michigan real estate agent, who has owned the business for
nine years. He will personally give you a tour of the facility, and answer your questions. The trip, by car, is only a little farther than Lutsen, Minnesota, which makes it a pop