MergerPlace

Highly Rated Restaurant & Bar in Detroit

Lake Orion, Michigan


  • Asking Price: $1,299,900
  • Gross Income: $1,145,583
  • Cash Flow: $224,200
  • Real Estate: $900,000
  • Inventory: Not Disclosed
  • FF&E: $145,000
  • Listing ID: #222198
  • Established: 2016
  • Employees: 17

Business Description

Don’t miss this highly profitable restaurant and bar for sale in an unbeatable location. The business generates over $224,000 in cash flow annually!

The restaurant is well staffed with managers in place to oversee daily operations.

The restaurant is situated along a major US highway, across from a new grocery store, and down the street from a highly trafficked mall. This prime location receives a plethora of traffic that will continue to bring business in.

The real estate ($900K) is included in the asking price!

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Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Michigan
Metropolitan Area: Lake Orion

Company Information

Year Established: 2016
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 17

Financial Information

Asking Price: $1,299,900
Gross Revenue: $1,145,583
Cash Flow: $224,200
FF&E: $145,000
Real Estate: $900,000
Seller Financing Available: Yes

Property Information

Facilities:

Fully updated less than 5 years ago. Well-maintained with updated equipment. For sale with the business!

Growth & expansion opportunities:

(1) Branding and Marketing: An advertising campaign targeting mall-goers could help to boost new customers. (2) Keno: The Restaurant just added Keno. This is expected to add $30,000 in revenue a year.

Competition:

Investment Highlights Include: (1) Location: The restaurant operates in a strong, suburb market where dine-in restaurants have thrived for decades. (2) Brand Image and Consistent Profitability: The Restaurant is a staple in the Metro Detroit area. (3) Excellent Condition of Building & Property: The owners have invested time and effort to properly maintain the restaurant’s facility. (4) High Ratings & Raving Reviews: Strong customer reviews keep clientele coming back and also serve to bring in more new customers. 4.7/5 on Facebook!

Reason for selling:

Personal reasons.

Support & Training:

Ownership is willing to provide reasonable and customary transition assistance.

Contact Business Seller

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Business Listed By:

Max Friar

Calder Capital, LLC