CONFIDENTIAL SALE. PLEASE DO NOT APPROACH STAFF WITH QUESTIONS. CONTACT BROKER FOR FURTHER INFORMATION.
Description: Fifty years of serving the best Mexican food in Michigan came to an end last June with the passing of Carmen Martinez. She brought her family recipes from Mexico and she and her late husband Trinidad are probably single handedly responsible for making the Margarita popular in metro Detroit. The recipes and restaurant are ready for a new owner.
Purchase the land, building and business for $1,500,000. The land and building alone appraised for $1,300,000 in June, 2019. Annual restaurant sales are in excess of $1,700,000. The site is located on the corner of Telegraph and Dixie Highway with a fabulous monument sign overlooking both streets. A digital secondary sign allows you to display today’s features. You are buying a strong brand ready for additional locations. As part of the sale, you will receive the trademark and copyright for the name and intellectual property so you will really be ready to open more locations. Come take a look. You won’t be disappointed.
- Address: 1715 N. Telegraph Road, Waterford, Michigan 48328
- Building Size: 6,900 sq ft
- Lot Size: 1.2 acres
- MLCC: Class C
- Price: $1,500,000
- For Sale: Off Market
- Parking: Private Parking on site
- Sales Volume: Greater than $2 million
- Capacity : 229
- Basement: N/A
- Phone Number: 248-866-4855
Sale Terms
Cash to new Mortgage
Size Information
1.2 acres and 6,900 sq ft