Established Ann Arbor fast casual restaurant with 2 locations

Ann Arbor, MI (Washtenaw County)

Seller Financing Available
Established Ann Arbor fast casual restaurant with 2 locations
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Asking Price: $300,000

Cash Flow: $30,000

Gross Revenue: $1,384,000

EBITDA: N/A

FF&E: $200,000

Inventory: $20,000*

Rent: $7,168 /Month

Established: 2012

*not included in asking price.

Established Ann Arbor fast casual restaurant with 2 locations

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Business Description

Focused on highest quality ingredients and food cooked to order!

We have built a strong brand in Ann Arbor/Ypsilanti with loyal and passionate customer base. We are perfectly positioned to take advantage of trend towards higher quality food and ingredients. Sale includes rights to a third location anywhere in Southeast Michigan and opportunity to expand more beyond that. Current owner has been running restaurants absentee, and restaurant, staff and customers deserve a more present owner to get business back to its peak (generating >$200K/year cash flow)

Detailed Information

Location:
Ann Arbor, MI
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
1/1/2025
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two leased locations in Ann Arbor: 2600 SF with 70 seats + patio. Plenty of free parking. Also includes private owner's office/bathroom/storage. 4 years remaining on lease plus two 5-year options 2000 SF with 50 seats + patio. Desirable downtown location near UofM campus. 6 years remaining on lease plus 5 year option Includes all furniture, fixture and equipment to operate both locations. Everything in good working order.
Competition:
Ann Arbor will always have significant restaurant competition. We have premium brand and quality and two desirable locations.
Growth & Expansion:
Sales were higher when owner was not absentee (~$1.7M). Significant opportunity to add delivery/catering/off site cooking. Needs more time focused on marketing. Sale includes rights to a third location anywhere in Southeast Michigan and opportunity to expand more beyond that.
Financing:
Willing to discuss up to 50% seller financing
Support & Training:
40 hours of training. Happy to discuss more, if desired.
Reason for Selling:
Owner accepted new job offer (previously working as independent consultant).
Franchise:
This business is an established franchise
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Business Listed By:
Confidential Listing

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