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 Location in Woodbury located just East of Lake Odessa at the intersection of M43/M66 & M50. This has been a sport shop & small engine repair that has existed for nearly 50 years. This location should allow ANY business to be successful with high exposure offered at this main intersection. Huge price reduction is due to the seller deciding to offer it as Real Estate ONLY, therefore, the price does not include business, inventory or related fixtures.
Lake Odessa is located in Michigan. Lake Odessa, Michigan has a population of 2,079. Lake Odessa is more family-centric than the surrounding county with 41.77% of the households containing married families with children. The county average for households married with children is 31.12%.
The median household income in Lake Odessa, Michigan is $44,844. The median household income for the surrounding county is $64,436 compared to the national median of $69,021. The median age of people living in Lake Odessa is 36.3 years.
The average high temperature in July is 82 degrees, with an average low temperature in January of 16 degrees. The average rainfall is approximately 35.7 inches per year, with 52.5 inches of snow per year.
