Details - Information last confirmed on March 17, 2021
Here is a fantastic opportunity to buy a highly profitable and popular restaurant and hotel. It is located in a highly trafficked recreational location in Northern MI surrounded by state forestland. An excellent site for hiking, biking, snowmobiling, and ORV riding, and hunting. This unique business has been featured several times in MLive(dot)com's top picks for its food, location, and atmosphere. It is a hands-down favorite among local residents, and they have a very loyal following.
The restaurant and hotel have a rich history, spanning over 60 years. The facility includes on-site living for ownership or management, allowing owners very affordable living expenses. This feature would be ideal if the new owner decided to have a manager as room and board could be part of their salary. The current owners started the Restaurant/Hotel in 2016 and have chosen to live on-site and be hands-on managers. They are seeking to sell the business to achieve a slower pace of life.
The Company generated $963,000 in revenue and $321,400 in Seller's Discretionary Earnings in 2020! The restaurant and hotel consistently generate SDE margins over 30%, making placing a full-time, well-qualified manager very affordable and still developing a substantial return on your investment.
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