About 1027 4th Avenue
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.
Features of 1027 4th Avenue
| MLS® # | 65024039972 |
|---|---|
| Price | $399,000 |
| Bathrooms | 2.00 |
| Acres | 0.12 |
| Year Built | 1900 |
| Type | Commercial |
| Status | Active |
Community Information
| Address | 1027 4th Avenue |
|---|---|
| Area | 34142 - Lake Odessa Vlg |
| City | Lake Odessa village |
| County | Ionia |
| State | Michigan |
| Zip Code | 48849 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Phone Connected |
|---|---|
| Parking | Gravel |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard, Electric, Forced Air, Natural Gas |
|---|---|
| Fireplace | No |
Exterior
| Construction | Aluminum Siding, Block, Brick, Concrete |
|---|---|
| Foundation | Basement, Stone |
School Information
| District | Lakewood |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Amplified Real Estate |
|---|---|
| Contact Info | steven@ampdre.com |