Tupelo Data Room

restaurant and food business for Sale in Michigan

Similar businesses sell at 1.2x to 4.0x SDE. Compare live listings and connect with sellers.

Established Specialty Fast-Casual & Food-Truck Business photo
Food Trucks
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Established Specialty Fast-Casual & Food-Truck Business

Schoolcraft County, MI, US

A specialty fast-casual food business founded in 2018, operating a two-unit footprint across the Upper Peninsula of Michigan and a second northern Michigan market. It sells a differentiated menu of specialty hot dogs, gyros, Cuban sandwiches, Po'Boys and seasonal items from a leased restaurant that also serves as the licensed preparation base for two owned food trucks; one truck holds a standing year-round position in a second market beside a regional craft brewery, and the other works the regional festival circuit. The business is owner-operated, asset-light and built on an owned, unencumbered fleet. Point-of-sale net sales grew from $318,717 in 2024 to $387,230 in 2025 and annualize to $616,277 in 2026, up about 59%, with seller's discretionary earnings estimated at $189,559 for FY2026 on a roughly 31% margin. Revenue is spread across more than 25,000 annual transactions with no customer concentration. A founder-led ownership transition is underway, with a defined post-closing consulting period on offer. This communication relates solely to a potential change-of-control M&A transaction involving an eligible privately held company. It is intended only for prospective acquirers who will acquire control and actively participate in management and is not an offer or solicitation of securities. If these criteria do not apply to you, this communication is not intended for you; please do not access or review the transaction materials.

-Asking Price
$387,230Revenue
-Cash Flow

Market Snapshot

National transaction benchmarks for restaurant and food business businesses.

Under $500K

Median revenue$453k
Median cash flow$80k
Median sale price$130k
Multiple range1.2x - 2.5x

$500K to $2M

Median revenue$1.49m
Median cash flow$272k
Median sale price$750k
Multiple range2.1x - 3.4x

Over $2M

Median revenue$4.44m
Median cash flow$1.03m
Median sale price$3.20m
Multiple range2.7x - 4.0x

A variety of factors can cause businesses to trade outside this range, including earnings quality, operational transferability, key-person risk, growth trajectory, and geography, so a listing priced above or below the typical multiple usually reflects real differences in the underlying business.

What to know about restaurant and food business acquisitions

GW

By George Wellmer

Cofounder & CEO

Key diligence, valuation, financing, and transition considerations for buyers evaluating restaurant and food business acquisitions.

Reconcile the sales — point-of-sale against bank deposits and tax returns

Cash-heavy businesses invite optimistic numbers; verify reported revenue against the processor and the returns before you trust a figure.

Read the lease like it's the deal

Remaining term, escalations, and assignment rights can make or break a restaurant; a strong concept on a non-transferable lease is a problem you inherit.

Pressure-test prime cost — labor plus food

Margins are thin and move with wages and commodities; understand prime cost and how stable the kitchen and front-of-house staff are.

Confirm licenses and health standing transfer

Liquor licenses, health permits, and inspection history are valuable and sometimes fragile; review the record before you commit.

Test how much rides on the owner and concept

A chef-owner or personality-driven concept may not transfer; understand the recipes, systems, and whether the brand survives new ownership.

Budget for equipment and build-out condition

Kitchen equipment, refrigeration, and the dining room wear and date; tour it with someone who knows the gear.

Frequently Asked Questions

Answers to common buyer questions for this market.

Yes, but they're scrutinized closely because margins are thin and failures common. Verifiable cash flow, a transferable lease, and systems that run without the owner make the difference.