1027 4th Avenue, Lake Odessa, MI 48849
- Schools Lakewood
- County Ionia
- Township Lake Odessa Vllg
- Above Grade Sq. Ft.
- Below Grade Sq. Ft.
- Bedrooms
- Bathrooms 2 (F)
- Basement
- Garage
- Acreage 0.12
- Heat Type Baseboard, Forced Air
- Central Air
- Year Built 1900
- Style
- Exterior
- Taxes 2883.68
- SEV 54900
- Zoning C
- Parcel 101-200-000-355-01
- Lot Size 44x123
Features
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.
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