Spencer's Route 46

Business Opportunity for Sale
Catylist Listing ID: 30393005
Property Subtypes: Food and Beverage
Building Size (RSF): 5,160 SF
Sale Price: $975,000
Name of Establishment: Spencer's Route 46
Business Website Address: www.spencersroute46.com
Year Business Established: 2001
Gross Revenue: $1,200,000 (Annual)
Cash Flow: $1 (Annual)
Sale Terms: Cash/Conventional
Last Updated: 9/5/2019

Overview / Comments

Vibrant and Operating Restaurant available for sale. This beautiful 5,160 SF site sits along Gratiot Road/M-46 in Saginaw, MI. Business has been in operation almost 20 years with increasing annual gross sales and recently remodeled site. Purchase comes with real estate, liquor license, all fixtures, furniture and equipment. Gross sales are well over $1,000,000.00 + range. Site can accommodate a variety of uses and also comes with ample parking and great signage opportunity on site. PLEASE DO NOT APPROACH CUSTOMERS, EMPLOYEES OR OWNERS. Business still in operation.

Additional Details

Nearest MSA: Saginaw
County: Saginaw
Industry Segment: Restaurants
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $525,000
Employee/Labor Description: 20 employees
Mgmt/Training Support Description: Owner will provide support/training
Competition/Market Description: Food is American Cuisine, Seafood (Surf and Turf). The business can sustain a lunch group that caters more to the community; as well as additional types of food like Mexican or simple Italian Food.
Growth/Expansion Opportunities: Lunch Hour Opportunities Buffet Style Options Different Feel/Type of Restaurant (Sports Bar)
Seller Financing Description: N/A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,552 58,754 99,832
Median Age: 43.17 39.93 39.18
Households: 4,017 24,892 41,264

Contact

Photograph of Listing Agent

Joe Rizqallah

Signature Associates
CARWM Member
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