MergerPlace

High Volume Restaurant & Bar

Troy, Michigan


  • Asking Price: $400,000
  • Gross Income: $1,579,930
  • Cash Flow: $110,371
  • Real Estate: $1,452,072
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #219038
  • Established: 2003
  • Employees:

Business Description

Founded in 2003, the Business is a reputable, high-volume bar and restaurant franchise. The restaurant is known for its friendly and laid-back atmosphere where customers can enjoy a delicious meal with friends and family while playing games and having a drink. The restaurant offers several delectable menu choices for customers to choose from.
The bar and restaurant benefits from multiple revenue streams including dine-in, catering, parties, and take out. Less than half of revenue overall consists of food sales.
Exciting growth opportunities exist, including implementing direct delivery and marketing to the community to locals. The restaurant benefits from favorable lease terms and is located on a high-traffic road near a mall.
Ownership or management that is engaged in marketing, promotions, catering sales, company operations, and other current opportunities could unlock significant growth.
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Business Details

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

Company Information

Year Established: 2003
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $400,000
Gross Revenue: $1,579,930
Cash Flow: $110,371
Real Estate: $1,452,072
Seller Financing Available: No

Property Information

Facilities:

8,542 sq. ft. facility located along a highly trafficked street with favorable lease terms.

Growth & expansion opportunities:

(1) Direct Delivery: The Company currently provides take-out services but could benefit tremendously from implementing direct delivery, either through adding a driver or working with a delivery partner. (2) Community Marketing: The restaurant currently relies heavily on word of mouth for its strong customer base and sales. The company has the potential to grow this segment’s revenue significantly by increasing their community marketing and reaching out to locals. In this marketing process, the Company would be able to build their local brand within the area and reach a greater number of people who would be interested in eating in the restaurant’s atmosphere. (3) Social Media & Online Advertising: Implementing any marketing strategy would likely drive growth beyond word-of-mouth advertising. Social media advertising on heavily trafficked media sites, such as Facebook and Instagram, or simply Google Adwords could be extremely effective.

Competition:

Investment Highlights Include: (1) Well Established Business: The business is well established, recognizable and has a high vol-ume of customers and sales. (2) Multiple Streams of Revenue: The Company derives its sales through its catering and party services, Take-out, Dine-In, and they have online ordering coming soon. (3) Limited Ownership Involvement: The owner has considered himself absent from the Com-pany’s management and this relaxed role of ownership that the owner has created for the company would be perfect for an individual who does not wish to invest a substantial amount of time into running the daily operations. On a separate note, an owner who wish-es to take a more active role in the company could help to maximize the profitability by di-rectly helping grow the operations of the company. (4) Excellent Location: The Business is located in a prime location near high traffic areas and in close proximity to shopping areas which gives the restaurant a significant advantage in terms of customer base and growth.

Reason for selling:

Looking to pursue other business interests

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