Troy Restaurant Business for Sale

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Sold

Listing Information

  • $1,850,000
    $6,500 per month
  • Type: Restaurant/Bar
  • MLCC: Class C
  • Building Size: 10000
  • Availability: Sold
  • Patio Size: 2000
  • Contract Terms: Lease Terms: Gross lease at $6,500 per month. Nine years plus options still on the books
  • Size Information: 10,000 sq ft with additional 2,000 sqft outdoor patio
  • Sale Terms: Cash, SBA Loan or other terms acceptable to Seller
  • Basement: Basement
  • Seating: 350 inside and 129 on patio
  • Sales Volume: Greater than $2 million
  • Parking: Private Parking On Site

Full Details

Price Reduction! $1,850,000. Thisrestaurant has been serving updelicious food since the 90’s, and hasa long history in the community. Thisplace is a staple. Charm. QualityFood. Exceptional service. Lunch orDinner! Hosting a banquet? Corporate meeting? Birthday dinnerfor 4 to 40? Small weddings? This
restaurant can handle them all. 25years of experience ensures yourevent comes off perfectly. There iscurrently a 10 year lease withoptions. The roof and exteriormaintenance are included in the rent. $6,500 per month Gross (taxes andinsurance included) covers a 10,000sq ft restaurant and banquet roomwith a 4,000 sq ft heated andsprinkled patio. It seats 350 indoorsand 120 outdoors. Priced at$2,100,000.00. A recent appraisal ofthe business showed a value of$2,250,000 with adjusted net incomeof $750,000. The kitchen has a 27foot hood with great equipment andmultiple walk-ins to handle thecooking. Basement storage. Patio is
sprinkled and heated. Class C liquorlicense is included in the deal. Hugeon site parking lot.

THG Office
203 Chicane Lane
Pontiac, Michigan 48341