Bar / Restaurant In Farmington / Farmington Hills Mi

Farmington Hills, MI
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Asking Price:$5,499,999
Real Estate:$5,000,000
BUSINESS DESCRIPTION

Description:     Confidential Sale  -  Location Masked - Contact listing broker for location information.  -  This is a restaurant and real estate development opportunity. Welcome to this magnificent opportunity of a lifetime.  This restaurant has been around for decades.  The previous single story site was demolished and rebuilt to its current two story structure. This is a great opportunity to continue with the current restaurant theme or make it your concept's next location. The second story structural beams every 10’ allow for additional stories to possibly be built above. The kitchen has enough fire power to handle all of your cooking needs. There is a 16 ft. hood that has all that you need from two double basket fryers, stove tops and ovens, flat top grill, convection ovens, and a wood burning gas assist grill to perfect your food and add flavor to your meals. This is a very unique opportunity that doesn’t come along very often. Take a look.  You won't regret it!


DETAILED INFORMATION
Location
Farmington Hills, MI
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Facilities
Currently a 2 story restaurant / bar. The current building was constructed to allow for multiple floors to be added above. It represents an opportunity to build condo units above the existing structure which is located in downtown Farmington; a great residential real estate market.
Competition
Active restaurant district with several new restaurants opening recently
Growth & Expansion
Develop site into commercial (restaurant) and residential mixed use project.
Support & Training
Transitional support is available.
Reason for Selling
Retiring
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Michael Scheid
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Michael Scheid