Turnaround Restaurant & Greenhouse Business (871)

January 08, 2025
by an intermediary in Grand Rapids, MI, USA
This Company, established in 1960, has expanded over the years to include a greenhouse, a restaurant serving breakfast, lunch, dinner, and homemade desserts, and a floral shop specializing in custom floral arrangements.
After 50 years of owning and operating their Business, the primary owners are seeking to sell the Company and its associated real estate in order to pursue retirement.
This is a turnaround Business that needs new energy to make it profitable. For a fair market value on the real estate, the owners are including the business assets for no additional cost.
Asking Price: $950,000
Revenue: $ 990,408
FF&E: $47,870
Inventory: $133,000
Real Estate: $936,000
Total Building Size: 27,055 sq. ft.
The facilities of the Company span nine buildings and include over 27,000 total square feet, including a restaurant, greenhouses, shade structures, and a floral shop.