Restaurant with Class C / SDM

Wyoming, MI (Kent County)

Restaurant with Class C / SDM

Asking Price:$279,900

Cash Flow:$100,000

Gross Revenue:$650,000

EBITDA:N/A

FF&E:$150,000

Inventory:$5,000*

Established:1988

*not included in asking price.

Restaurant with Class C / SDM

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Business Description

Great turn key opportunity to own a nicely remodeled and spotless restaurant with room for business expansion. Solid sales of both dining in and take out. Several television screens, but would make a great sports venue with additional screens or a conversion to a Mexican Restaurant. Great decor.

Detailed Information

Inventory:
Not included in asking price
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Roughly 5,500 square feet completely remodeled and owner retiring. Present sales in the $15,000 per week range. Class C and SDM. Presently an Italian Restaurant established in 1988, but would lend well to a sports bar or a Mexican Restaurant as well. Kitchen fully equipped and could easily handle a catering business in addition to the restaurant. Seating for roughly 145. Very nice new bar.
Competition:
Very little competition in the immediate area has allowed this business to survive and thrive over the past several years.
Support & Training:
Owner will train following a closing.
Reason for Selling:
Retirement

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Paul DeBartolo

Business Listed By:
Paul DeBartolo

DeBartolo Commercial Investment Group

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