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Turn-key full service restaurant w/ liquor license in St Clair County

Fort Gratiot, MI (Saint Clair County)

Seller Financing Available
Turn-key full service restaurant w/ liquor license in St Clair County
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Asking Price: $500,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: $3,000*

Real Estate: $450,000

Established: N/A

*not included in asking price.

Turn-key full service restaurant w/ liquor license in St Clair County

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Business Description

Owner health forcing sale

Our loss is your gain! One of our owner's health is preventing us from keeping this business going and expanding. Solid customer base with year over year growth and strong social media ratings! This is a turn-key operation and all recipes and training will be provided to the new owners. Prime location on busy state highway near franchise restaurants. Newly remodeled kitchen and Dining Room in 2015 and currently functioning as a full serve Italian restaurant with a full bar. Seats 75 inside with another 25 outside. Class C liquor license included. Open to selling or leasing the building with or without the equipment if new owners want to put in their own concept. Also open to a rent-to-own arrangement. A non-disclosure document will need to be signed in order for us to provide more information and detailed financials.

Detailed Information

Location:
Fort Gratiot, MI
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
2,600
Facilities:
2,600 SF building with 2 bathrooms and an outside patio. Equipment includes a 6' x 6' Rotoflex oven, 6-burner stove, fryer, griddle, steam table, walk-in fridge and many line fridges. FOH includes all tables, chairs and decorations. Large parking lot with over 40 spaces. 2 new HVAC systems installed in 2018. New air handling and walk-in compressor installed in 2015 Outdoor patio installed in 2016. New parking lot lights in 2017.
Competition:
Prime business location near other restaurants. Only Italian independent restaurant in the town. On the main drag and close to the mall and other shopping centers. Directly on M-25 which is a high volume state highway.
Growth & Expansion:
Currently focused on weekend lunches and dinner throughout the week. Lunch expansion during the week along with additional catering could easily be added.
Financing:
Willing to split and sell building and liquor license separately
Support & Training:
30 days of mgmt support and training included
Reason for Selling:
Owner Health
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Contact the Seller

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Business Listed By:
Karin Mayer

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