Tavern License and Ann Arbor Restaurant for Sale!

Ann Arbor, MI (Washtenaw County)

Seller Financing Available
Tavern License and Ann Arbor Restaurant for Sale!

Asking Price:$230,000

Cash Flow:$22,000

Gross Revenue:$414,980

EBITDA:N/A

FF&E:$40,000

Inventory:$15,000

Lease Rate/Sq. Ft.:$25

Established:2006

Tavern License and Ann Arbor Restaurant for Sale!

Get Financing Save Print Share Valuation Report

Business Description

Restaurant is considered family dining on a very desirable and busy section on Ann Arbor’s Main Street. Location, Location, Location! On busy main street near 2 intersections of town. Owners are retiring and very motivated to sell. Street parking and a city parking structure is available within sight of this restaurant. There is excellent signage visibility.

If interested in this business you must complete and return a NDA (confidentiality and non-disclosure/non-circumvent agreement). Call 734-323-0376 or email michelle@bbfbrokers.com for more information.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,238
Lease Expiration:
N/A
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Approximately 2238 sq ft total. Lease runs $25 per square NNN. Good landlords per seller. Heavy foot traffic and vehicle traffic. The beauty in this opportunity is the ability to expand into adjoining vacant space, increasing seating capacity. Landlord is eager to negotiate a great deal on this vacant space with the new owner of this restaurant.
Competition:
Competition certainly exists in the restaurant industry, with limited competition in this ethnic cuisine. Location and broad base of customer demographics support this business.
Growth & Expansion:
Room for expansion by soliciting more commercial accounts, venues, and marketing opportunities, especially social media! Catering would be a good opportunity as well as booking for special parties during closed hours. The adjoining space is vacant and landlord is VERY eager to give a great deal on a lease for a new owner of the restaurant to expand seating capacity.
Support & Training:
Owner is willing to assist buyer as agreed to and needed
Reason for Selling:
Retirement - 60 years plus

Listing Statistics for Premium Members

Ad#:1294691 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Michelle Webster

Business Listed By:
Michelle Webster

Business Brokerage & Finance, LLC

Show Phone Number

View My Listings


Sponsoring Broker:
Business Brokerage & Finance, LLC

Find out more...

Get more details about this business.


Similar Listings


Beerhead Bar & Eatery

Franchise Opportunity In MI
Capital Required: $600,000