$399,000
( $172.73Per Sq Foot )
$2,142 forsale estimated payment Sourced by Back At You1027 4th Avenue , Lake Odessa, MI 48849
Lake Odessa, MI 48849
Description
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.
Details
| Mls | 24039972 |
|---|---|
| Listing Type | For Sale |
| Buildingname | C & R Homestyle Cafe |
| Subtype | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 131 |
| Listing Provided By | Amplified Real Estate | Steven J Lambert |
Features
| Baths | 2 Total |
|---|---|
| Sq Feet | 2,310 |
| Basement | Y |
| Storys | 1 |
| Units | 2 |
| Buildings | 2 |
| Zoning | C |
| Acreage | 0.12 |
Market Activity 48849
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Learn More About This Property
| State | MI |
|---|---|
| County | Ionia |
| City | Lake Odessa |
| Zip Code | 48849 |
| Area | Grand Rapids G |
| Subarea | G |
| School District | Lakewood |
| Listing VS Median (in 48849) | |
Price: $399,000 low | high Med: $369,900 SqFt: 2,310 low | high Med: 826 $ / SqFt: $173 low | high Med: $448 On Site: 131 low | high Med: 78.000000 | |
Listing Updated: August 8, 2024 at 11:26:20 AM PDT