Business For Sale

Michigan Restaurant for Sale With Real Estate

Detroit, MI
Wayne County


Asking Price: Annual Revenue:
$399,000 $722,767

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Michigan Restaurant for Sale With Real Estate Broker: Steve Weinbaum

Quick Facts

Asking Price: $399,000
Annual Revenue: $722,767
Net Profit: Not Disclosed
Cash Flow: $151,967
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1958
Employees: 7
BBN Listing #: 58408096
Broker Reference #: 6234

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Business Overview:

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.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

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

Market Competition and Expansion:

Local Favorite Open for decades Regular Customer Base

Reason for Selling:

Other

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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