Food & BeverageVerified Seller
Waterfront Bar & Restaurant in Ionia County - $599K - $170K Cash Flow
Ionia, Michigan
Asking Price$599,000
Annual Revenue$1,200,000
EBITDA / Cash Flow$170,000Implied Multiple: 3.5x EBITDA
Executive Overview
Discover a unique opportunity to own a thriving waterfront bar and restaurant in Ionia County, MI. With an asking price of $599,000 and a cash flow of $170,000, this well-established business offers a picturesque dining experience and a proven track record of success since 2016.
Key Investment Highlights
- •Profitable family-owned business with scenic waterfront location
- •Diverse menu featuring American cuisine and hand-tossed pizza
- •Year-round outdoor seating with patio heaters
- •Consistent sales growth with record 2023 revenue
- •Comprehensive takeout and delivery services
This turnkey restaurant represents a rare investment opportunity in the hospitality industry. Established in 2016, the business has built a strong reputation for quality dining and exceptional customer service. The strategic location and diverse menu have created a loyal customer base that continues to grow year after year.
The restaurant has demonstrated remarkable financial performance, achieving a 40% revenue increase compared to pre-pandemic levels. With a dedicated team of 22 employees and a management structure that requires only 15 hours of owner involvement per week, this business offers an attractive opportunity for both active and passive investors looking to enter the thriving food service market.