Profitable Michigan Restaurant for Sale - Real Estate Included!

Detroit, MI (Wayne County)

We Sell Restaurants - Michigan Restaurant Brokers
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Asking Price: $399,000

Cash Flow: $151,967

Gross Revenue: $722,767

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $0 /Month

Established: 1958

Profitable Michigan Restaurant for Sale - Real Estate Included!

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Business Description

Buy this iconic, profitable Detroit, Michigan BBQ restaurant for sale. Revenue of over $700,000, and owner benefit of $150,000. Open and operating successfully for decades. The price includes the real estate!
Four-star ratings across all social media platforms like Facebook, Google, and Yelp is just the beginning of the great story for this iconic Detroit area BBQ restaurant for sale. The current owner has been serving up the area's best ribs, chicken, shrimp, fries, and sides for decades. The location in downtown Detroit is perfect for tons of repeat business from loyal customers as well as attracting visitors who have heard about the terrific, authentic barbecue being served up hot and delicious every day.
Good books and records will show fiscal 2017 sales of over $700,000 and owner earnings, including net income, and owner's salary of $150,000. Alone, this restaurant for sale offered by We Sell Restaurants, would be valued in the high $300,000 range, but the opportunity gets even better. The purchase price includes the real estate. Not only for the 2,850 square foot building that is home to this highly profitable business, but also for a second parcel next door that is a 7,200 square foot warehouse, for a total of 10,050 square feet of commercial real estate. No high rents to pay and no landlords to deal with.
The current owner of this restaurant for sale has offered to stay on and train the buyer and may even be willing to remain as a paid consultant to ensure your continued success and prosperity. It doesn't get any better than this.... decades of success, high six figure earnings, unlimited training, and priced to sell with the real estate.
*Note: The real estate portion of this restaurant for sale is marketed on behalf of and listed with a licensed real estate agent in the state of Michigan and offers to purchase will be handled accordingly.

Detailed Information

Real Estate:
Leased
Building SF:
10,050
Lease Expiration:
N/A
Employees:
7
Facilities:
All Chairs and Benches All Tables and Seating 3 Deep Fryers Shelving Mixer with 80 Gallon Kettles 3 Refrigerators 3 Freezers High low Electric Pallet Jack Pallets Dry Goods Storage
Competition:
Local Favorite Open for decades Regular Customer Base
Growth & Expansion:
3rd Party Delivery Catering Increased Marketing
Support & Training:
yes
Reason for Selling:
Other
Business Website:
http://https://www.wesellrestaurants.com
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Contact the Seller

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Steve Weinbaum

Business Listed By:
Steve Weinbaum

We Sell Restaurants

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Sponsoring Broker:
Eric Gagnon

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