Property Listing No Longer Available for Sale

Undisclosed, Detroit, MI

Business for Sale - $875,000 - 2,000 Sq. Ft.


Property Info

CIMLS#130826
Location
  Undisclosed
  Detroit MI 48226
UpdatedJanuary 3rd, 2013
TypeBusiness
Price$875,000
Building2,000 Sq. Ft.

Property Description

$875,000 OBO! Independent restaurant, well-known Detroit Destination location having over 100,000 (+) foot traffic count walk by weekly. When the Detroit Tigers, Detroit Lions and Detroit Red Wings are roaring and flying, you couldn't get a better opportunity to sell food! This is an extremely profitable restaurant business with very attractive street frontage, with great parking. Restaurant recently remodeled and expanded seating to 80. Business offers dine-in, take out, delivery, and catering. Restaurant offers catering for groups, business, weddings, graduations, holiday parties and as needed. This is a very successful location. Managers run the operations 7 days. An owner operator would reduce food and labor costs significantly, and of course increase productivity by being on site. This would make an excellent fun restaurant for a family to run and operate. Current owners are and have been absentee. Great customer base of mixture of loyal local residents, businesses, and people from across the tri-state area.

Contact Michelle@bbfbrokers.com for a NDA. This is a confidential listing - you must sign, complete and return a confidentiality agreement prior to receiving additional information about this outstanding opportunity.

Facilities: Reasonable lease terms in highly sought out area in Wayne County, Detroit Metro Area Michigan. NNN lease, 2000 sq. ft., seats 90. Lease also includes office space, freezer, and other storage below the restaurant. Restaurant has GREAT visibility. Recent updates with new tables, chairs, equipment and awnings. May be able to put a couple of small tables and chairs outside.

Competition: Competition in the immediate area is considerable. However due to special premier considerations of this business opportunity disclosed following receipt of a NDA, buyer will be well pleased with competitive advantages.

Growth and Expansion: Owners strongly suggest continued great service and food, that continued involvement with the local surrounding communities and a continuous advertising campaign will be of extreme benefit to the new owner. This is an exceptional value for this profitable restaurant in prime real estate location, existing repeat loyal customers, and new customers daily.

Support/Training: Three full-time Managers will train and support the new owner(s). This is an asentee owner business for the most part. Owners will share their hindsight and provide suggestions to buyer if desired.

Reason Selling: Owners are retirement age 72, 66.

Year Established: 2003

Employees: 3 ft managers, 21 employees

Contact Information

Contact: Michelle Webster, Phone: 734-323-0376, Email: michelle@bbfbrokers.com


Financials

New Price: Asking: $875,000 Make an offer!

Furniture, Fixtures & Equipment: $284,987 (plus new)

Financing: Seller Financing available


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