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Profitable Cash Flowing Local Restaurant For Sale
Location Michigan,United States
Asking Price Range $500K - $1.0M
Gross Revenues $588169
Net Profit / Cash Flow $121717
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2009
Number of Employees 20 - 34
Inventory 150000
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training Yes if needed
Reason for Sale Retirement
Description Asking Price: $850,000
EBITDA: TBD
Real Estate: Lease or Sale
Year Established: 2009
Employees: 25
Business Types: Restaurants, Other Eating & Drinking Places, Bars
Business Description
Southeastern Michigan restaurant and bar for sale at $850,000 which includes the building and transferable Class C liquor license. Owner will consider selling the business and liquor license separately for $450,000 with $250,000 down and leasing the building to the buyer. Beautifully decorated with bar area, booths and table seating, excellent cuisine. This is a very comfortable place to dine. Business equipment valued at market value. Restaurant has increased sales and profitability since opening. Restaurant serves local and traveling business professionals, groups who meet there, and families. Marketing opportunities not currently taken advantage of will serve a new owner well. Very well-run, well-trained staff. Ideally suited for an owner operator to further increase cash flow.
If interested in this business you must complete and return a NDA (confidentiality agreement) and have a conversation with Michelle prior to disclosure of business name and location and any other information. You will be asked about your background, experience, current occupation and financial wherewithal to purchase this business. No exceptions. Call 734-323-0376 or email michelle for NDA.
Detailed Information
Facilities:
All FF&E go with the sale. Building is 5000 sq ft. Owner will consider leasing building. Seating for up to 100. Kitchen includes hoods, new HVAC systems, coolers, ovens and much more.
Competition:
Very little competition in this town for this type of restaurant.
Growth/Expansion:
Room for expansion of menu, venues and marketing opportunities.
Support/Training:
Owner willing to assist buyer as needed.
Seller Financing Available
Reason Selling: Retirement
Click Here To Contact Seller
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