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CALL TODAY! (248) 220-3274

Established Restaurant – Offering with Real Estate!

Established Restaurant – Offering with Real Estate!

Asking Price: $599,999
Cash Flow: $233,207
Gross Revenue: $1,188,868
EBITDA: N/A
FF&E: $250,000
Inventory: $30,000*
Real Estate: $1,000,000*
Established: 1984
*not included in asking price.

Business Description

BBQ Restaurant with Seating for 300! REAL ESTATE IS AVAILABLE!

Well Established Restaurant – Available with or without Real Estate!

*Seating for 300 with a private room for Banquets.
*Parking for available for 75 cars
*This location also offers full Liquor License with a Bar Area
*Cash Flow for 2019 was $233,207.00
*Sales for 2019 $1,188,868.00 Sales for 2020 $851,529 mostly carryout for 2020.
* Sales for 2021 are on pace to be over $1M

This location has been in business since 1984 and is completely turnkey!

Menu and location that has received VOTED IN THE TOP 5 honors for Channel 4 THE BEST AWARD – 2021!!!

Detailed Information

Location: Oakland County, MI
Inventory: Not included in asking price
Real Estate: OwnedNot included in asking price
Building SF: 6,000
Employees: 10FT/5PT
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: HUGE – Stand alone building on main roadway, offering visibility! This location has seating for 300 and parking for 75 cars.
Competition: There are many BBQ Places in the Metro Detroit Area but not many have lasted for over 37 years. This restaurant is ready for someone to take up another level.Growth & Expansion:Establish a marketing plan to include social media for additional exposure
Financing: $500,000 Down Payment, Amortised over 10 years Due in 5 years @ 7% Interest
Support & Training: Seller will be available for 14 days at a minimum of 4 hours per day at no additional cost to the seller
Reason for Selling: Retirement

  • Listing ID: 925

 restaurant

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