Ann Arbor Restaurant Reduced! What a deal!
Ann Arbor, MI
Business for Sale - $95,000
Property Info
CIMLS# | 1036805 |
Location Ann Arbor Restaurant Reduced! What a deal! Ann Arbor MI 48104 | |
Updated | August 17th, 2020 |
Type | Business |
Price | $95,000 |
Property Description
Restaurant is open 6 days a week. a 20 foot long Bar seats approximately 15 patrons. Seating capacity has been reduced to 34-36 seats inside and 12 outside. Landlord willing to negotiate favorably with a new owner. Class C liquor license transfer is included in the sale of this business. Entertainment is offered Thursday through Sunday evenings.
If interested in this business you must complete and return a NDA (confidentiality and non-disclosure/non-circumvent agreement). Call 734-323-0376 or email michelle@bbfbrokers.com for more information.
Detailed Information
Facilities: Approximately 2050 sq ft total. Seats 34-36 inside, 12 outside. Located near the diag and Hill Auditorium. 2 Parking structures are 2 blocks away. Limited street parking.
Competition: The restaurant businesses in Ann Arbor have a lot of competition. However, this is a highly publicly rated restaurant, setting it apart from others.
Growth/Expansion: Increase marketing efforts, expanding catering capabilities are two areas that would likely lead to increased growth of the business.
Support/Training: Owner is very willing to train buyer as agreed to and determined what is needed for a successful transfer of ownership.
Reason Selling: Retirement
Financials
Gross Sales: $461,925
Cash Florw / SDE $41,828