19350 Livernois Restaurant For Sale

Asking Price$1,500,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$750,000
Included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

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19350 Livernois Restaurant For Sale


Asking Price$1,500,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$750,000
Included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed


Seller Financing Available
Business Description
Description: Absolutely Ready To Go, fully equipped restaurant and banquet space with real Estate located along the entertainment district known as the “Avenue of Fashion”. The bar and kitchen were designed and installed with all high end equipment capable of putting out any menu developed for the property. The vaulted ceilings in the dining room make it seem much larger than its square footage. The structure was built in 1935 and completely renovated in 2021. Renovation included a new roof, windows and all new mechanicals. A gas fireplace and new wood floors were installed. The structure includes first floor dining and kitchen space, a second floor banquet or additional dining, a basement and a second floor office space. There is a current Certificate of Occupancy in place that is good thru July, 2027. Plans are in place for a large outdoor patio (see the attached plan)

Livernois is home to restaurants and bars including the world famous Bakers Keyboard Lounge which is known to be first Jazz club in the world. The Avenue of Fashion is also known for the boutique clothing stores and art galleries that line Livernois. The adjacent street begins the Sherwood Forest Neighborhoods. Sherwood Forest is a historic Detroit neighborhood known for its English-inspired architecture, winding streets, and large, wooded lots, established in the 1920s on farmland purchased in the 19th century. The neighborhood was listed as a local historic district in 2002.

Building Size: 4,500 sq. ft.

Seating: 130

MLCC: Class C Liquor License available

Traffic Counts: 35,394 cars per day

Price: $1,500,000

Parking: DDA Street Parking and Near By Parking Lots
About the Business
Years in Operation
4
Facilities & Assets
New everything: new roof, new windows, new mechanicals, new equipment new FF&E.
Market Outlook / Competition
Located in the Avenue of Fashion next to the affluent Sherwood Forest area of Detroit with 35,400 cars passing the location daily, it is a prime location to be added to the many successful restaurants in the area.
Opportunities for Growth
This is the "new location" for your existing concept or a great place to open you first restaurant.
Real Estate
Owned or Leased
Owned
Included in asking price
About the Sale
Seller Motivation
The restaurant was a secondary business to his brewing and distilling operations
Transition Support
Transitional Support may be available to new owner
Financing Options
Seller financing may be available subject to deal terms acceptable to the owner and p
Listing Info
ID
2407387
Listing Views
109
Attached DocumentsAttachment Disclaimer

1770_A_4_Equipment_Plan_5_2_2020.pdf

Business Location

Contact Seller

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Business Listed by: Michael Scheid THOMAS HOSPITALITY GROUP

Listing ID: 2407387 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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