Property Listing No Longer Available for Sale

Ann Arbor Restaurant For Sale

Ann Arbor, MI

Business for Sale - $230,000 - 2,050 Sq. Ft.


Property Info

CIMLS#952385
Location
  Ann Arbor Restaurant For Sale
  Ann Arbor MI 48103
UpdatedJune 8th, 2018
TypeBusiness
Price$230,000
Building2,050 Sq. Ft.

Property Description

This family-run restaurant with an air of cosmopolitan authenticity has a class C liquor license and outdoor service permit. Catering, special events and live music are some of the elements that bring not only foodies, but artists, academics, poets, dancers and other cutting edge folk to this unique venue. The business has focused on using local producers and organic ingredients, and is beloved for its Farm to Table values and respect for the old ways. Well known for specialty desserts, baked goods, pasta and pizza, this is a fabulous cozy restaurant that always feels like home. Seller has a website and participates in social media.

Seller Financing: With $130,000 down Seller is willing to finance $100,000 at 8% interest, amortized over a 15-30 year period, with a balloon payment at the end of the 3rd year in order to help the new owner with cash flow requirements.

Facilities/Lease/Location: Located at the intersection of extremely busy, well traveled paths connecting townies, students, businesspeople and tourists via both foot and vehicle traffic in Ann Arbor. In 2009 the space was renovated and expanded. Lease rate is $20 per square foot.


Financials


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