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Lake Odessa Vlg,MI 48849
Key Details
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Active
Purchase Type For Sale
Square Footage 2,310 sqft
Price per Sqft $172
MLS Listing ID 65024039972
Year Built 1900
Annual Tax Amount $2,883
Lot Size 5,227 Sqft
Property 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.To access financial statements and documents, please submit a request here: https://buildout.com/connect/sharing/lakeo?view_locked_docs=true
Location
State MI
County Ionia
Area Lake Odessa Vlg
Zoning Other
Interior
Heating Baseboard,Forced Air
Exterior
Pool No
Waterfront no
Roof Type Other,Rubber
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Aluminum,Block/Concrete/Masonry,Brick
Schools
School District Lakewood
Others
Acceptable Financing Assumable (Asm-Lend App),Cash,Conventional
Listing Terms Assumable (Asm-Lend App),Cash,Conventional
Special Listing Condition Unknown/Data Share Listings