SOLD: Troy Restaurant Business For Sale

Price Reduction!   $1,850,000.      This restaurant has been serving up delicious food since the 90’s, and has a long history in the community.  This place is a staple.   Charm.  Quality Food.  Exceptional service.   Lunch or Dinner!  Hosting a banquet?  Corporate meeting?  Birthday dinner for 4 to 40?  Small weddings?  This restaurant  can handle them all.  25 years of experience ensures your event comes off perfectly.

There is currently a 10 year lease with options. The roof and exterior maintenance are included in the rent.  $6,500 per month Gross (taxes and insurance included) covers a 10,000 sq ft restaurant and banquet room with a 4,000 sq ft heated and sprinkled patio.  It seats 350 indoors and 120 outdoors.  Priced at $2,100,000.00.  A recent appraisal of the business showed a value of $2,250,000 with adjusted net income of $750,000.

The kitchen has a 27 foot hood with great equipment and multiple walk-ins to handle the cooking.  Basement storage.  Patio is sprinkled and heated.  Class C liquor license is included in the deal.   Huge on site parking lot.

  • Building Size: 10,000 
  • Patio Size: 2,000 
  • Seating: 350 inside and 129 on patio 
  • MLCC: Class C 
  • Rent: $6,500 per month 
  • Price: $1,850,000 
  • For Sale: Pending 
  • Parking: Private Parking on site 
  • Sales Volume: Greater than $2 million 
  • Capacity : 350 
  • Basement: Basement 
  • Phone Number: 248-866-4855 

Lease Terms

Gross lease at $6,500 per month. Nine years plus options still on the books

Sale Terms

Cash, SBA Loan or other terms acceptable to Seller

Size Information

10,000 sq ft with additional 2,000 sq ft outdoor patio