Highly Profitable Restaurant for sale

Undisclosed Address, Dundee, MI 48131
Business Opportunity for Sale
Catylist Listing ID: 30294824
Property Subtypes: Food and Beverage
Building Size (RSF): 7,322 SF
Sale Price: $450,000
Name of Establishment: See Agent for details
Year Business Established: 2015
Gross Revenue: $450,000 (Annual)
Cash Flow: $200,000 (Annual)
Relocatable Business: Yes
Last Updated: 1/10/2019

Overview / Comments

200 seat restaurant with an attached banquet room that can seat up to 68 more people, and there is a Pizzeria located in end unit of building that would be included with the sale. Seller is motivated and ready to make a deal, recently reduced his asking price down to $350,000 and includes all FF&E. Equipment list available upon request. The building is also available for sale and has 2 large rental apartments upstairs, and the street level commercial space - asking price for the building is $499,000. Purchaser can make an offer on both Business and building or business only.
**Michigan National Guard buys 44 acres in Dundee for 'super armory' This will bring massive traffic to the area!

Additional Details

Industry Segment: Restaurants
Reason for Selling: Owner is ready to semi retire, they are looking to downsize and open a smaller "mom & pop" restaurant out of area.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: The building that restaurant is occupying is also for sale at $499,000 or continue to lease the space from current owner.
Growth/Expansion Opportunities: The Michigan National Guard has purchased 44 acres of land in Dundee with plans to build a "super armory." Based on a national strategic study of armories prepared for Congress, Dundee was identified as a high-value area because of the large population within a one-hour driving distance, according to a news release from the Michigan Department of Military & Veteran Affairs. The land, purchased from Monroe Bank & Trust, cost $600,000 and construction of the armory and maintenance facility will cost about $42 million, according to Col. Edward Hallenbeck, chief facilities and maintenance officer for the Michigan National Guard.
Seller Financing Description: See Agent for possible land contract terms.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,783 5,463 14,380
Median Age: 33.38 38 39.29
Households: 724 2,077 5,357
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