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Hi Michele,
I'm also moving to Tetonia within the next 12 months, so its appeal to me should be obvious. I can't wait to move to Teton Valley; I love the climate, the people, the views, all of it.
That being said, I think that whatever lack of opportunities you're leaving behind in Michigan, the North End Bar and Grill will be an extremely tough road to hoe. If you're retired and looking at it as a hobby business, then I could see it. If you're hoping to support more than two people on it, I suspect it will be very difficult.
If it were a business in Driggs or Victor, I think that would be different. People, especially tourists, actually stop and park and walk around in those two towns. With some of the expansion going on in Driggs and eventually at Grand Targhee, that's going to really be the epicenter of Teton Valley.
But... Tetonia is a bit of the red-headed stepchild of the valley. It's the furthest behind in terms of development and appearance. It's the furthest from Teton Pass/Jackson. No matter what improvements you make, the location and surrounding businesses are a clear disadvantage.
It's hard to tell from your post as to whether or not you've visited Tetonia before. I don't mean that critically, just, have you been there, and if so, how many times? What time of year?
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