$ 399,000
-
$399,000
Price -
0
Bed - Bath
-
2,310
SqFt
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About the Listing 108290 - 711689,574402
Discover an exceptional business investment and management opportunity in the heart of Lake Odessa, MI.C&R's Homestyle Restaurant, in business for over a decade, is one of ''Lake O's'' most popular dining destinations, boasting a current EBITDA of over $150K, with an average 3-year EBITDA of over $130K, and an annual revenue growth of 5-10% - bringing its 2023 revenue total to over $600K.Run by a single owner-operator, plenty of expansion opportunities are available, along with a second-story unfinished apartment that is ready to renovate and lease.Extremely popular with locals, sold at a 1.75 EBITDA multiple, and with real estate listed at just $125K, this business is priced to sell to its next owner.
Listing Highlights for 1027 4th
Status
Active
Days on Site
408
Property Type
Commercial Sale
MLS ®
70422421
Year Built
1900
Total Square Footage
2,310
Lot/Acreage
0.12
County
Ionia
Area
Lake Odessa (34021)
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2310
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 44x123
- Roof: Other-See Remarks,Rubber
- Others:
- Sewer:
Financial Details
- Tax Amount: $2,884
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2023
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1027 4th Lake Odessa, MI 48849
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