Bar & Grille "Chomp Burger" Grossing over one million
Adrian, MI
| Asking Price: | $2,450,000 |
| Gross Revenue: | $1,115,000 |
| EBITDA: | $148,000 |
| Real Estate: | $1,150,000 |
| Cash Flow: | $193,000 |
| Inventory: | $15,000 |
| FF&E: | $300,000 |
| Established Year: | 2016 |
Listing ID: 2288657Listing provided by BizBuySell
BUSINESS DESCRIPTION
High grossing beautiful Bar and Grille with a "Unique" menu featuring all beef Burgers along with "Bison", "Elk", "Wild Boar" and "Venison Burgers. Serving a full line up of MI beers. Outdoor patio seating. Liquor license with an "Entertainment" permit allowing "Open Mike Night" Trivia Night" and live music. Open 7 days for Lunch and Dinner. Private parking lot and in the heart of Adrian. Seller financing offered. Business for sale at $695,000.00 with 30% down and a seven year term contract.
DETAILED INFORMATION
Location
Adrian, MI
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
2,600
Employees
18
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Like new building built in 2016 with one level on a concrete slab and has brick facing and concrete all around. "High End" precast concrete roof moldings for an architectural decorative accent around the building. Unique tower entrance to the building. Private concrete paved parking lot for guests. If the business is purchased and the building is leased for a long term with an option to buy the building, the lease would be at $5,500.00 Net, Net, Net for the first two years. Complete term package would be available after an offer is made.
Competition
Based on the profitable track record of this business and the very good customer base built over the past few years, this business is at the top end of similar type of all businesses in the area
Growth & Expansion
With menu changes and an increase in hours on special days there dould be in increase in sales.
Financing
30% down payment on the business and 30% down on the real estate, Land Contract.
Support & Training
Owner offers one month of consulting for the buyer at no charge.
Reason for Selling
Other business interests.
BUSINESS LOCATION
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