Profitable Michigan Restaurant for Sale - Real Estate Included!

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Asking Price:
$399,000

Gross Revenue:
$722,767
Cash Flow:
$151,967
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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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.

About the Business

Location:
Detroit, Michigan
Year Established:
1958
Number of Employees:
7
Real Estate:
Owned
Building Sq. Ft.:
10,050
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
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Local Favorite Open for decades Regular Customer Base
Growth & Expansion:
3rd Party Delivery Catering Increased Marketing
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About the Sale

Reason For Selling:
Other
Training/Support:
yes

Listing Info

ID:
1528711
Ad Detail Views:
589

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Business Listed by

Steve Weinbaum

We Sell Restaurants
License# GA SL 365512

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Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152


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Report an Issue 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 & Conditions.