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.
Amazing business opportunity in Woodbury, Michigan. Located just East of Lake Odessa at the intersection of M43/M66 & M50 this sport shop & small engine repair has existed for nearly 50 years. It's time for the current owner to retire, this profitable business has served the them well. You could make your small business owning dreams come true now. Complete financials are available to qualified buyer with bank pre-approval or proof of funds. See attached documents for a list of current vendors. Real Estate & Business success is all about location, location, location & it doesn't get better than this! See Video. Decades worth of current customers will be yours. Top notch service has always been a priority for this small business. Price includes: Real Estate, Inventory, Fixtures & Goodwill.
Lake Odessa is located in Michigan. Lake Odessa, Michigan has a population of 2,083. Lake Odessa is less family-centric than the surrounding county with 29.26% of the households containing married families with children. The county average for households married with children is 32.25%.
The median household income in Lake Odessa, Michigan is $41,587. The median household income for the surrounding county is $51,980 compared to the national median of $57,652. The median age of people living in Lake Odessa is 36.4 years.
The average high temperature in July is 81.7 degrees, with an average low temperature in January of 15 degrees. The average rainfall is approximately 35 inches per year, with 55.4 inches of snow per year.
