Restaurant For Sale

Undisclosed Address, Michigan
Business Opportunity for Sale
Catylist Listing ID: 30757530
Property Subtypes: Food and Beverage
Building Size (RSF): 2,000 SF
Sale Price: $70,000
Name of Establishment: Confidential
Year Business Established: 1990
Gross Revenue: $500,000 (Annual)
Cash Flow: $85,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 8/26/2021

Overview / Comments

Long-term established restaurant in a great location 10 minutes south of Grand Rapids. The owner is seeking to retire. This is located along a high traffic road and in a popular strip mall. The current concept can stay or a new restaurant can take over the space. The price is right! The owner is fire selling this amazing location because they do not want to sign a new lease. The current lease ends in November. The landlord is willing to work with a new buyer. Don't miss the opportunity. Adding lunch, extended hours adding delivery and online ordering could easily increase sales.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Retirement
Value of Inventory Included ($): $2,500
Value of Furniture, Fixtures, and Equipment ($): $70,000
Value of Real Estate Included ($): $0
Growth/Expansion Opportunities: Delivery, uber, online ordering, increase menu options, allowing dine-in. Opening for breakfast and lunch.

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