Restaurant $1.8 Million Gross Sales

Detroit, MI

Seller Financing Available

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Asking Price:$899,000
Inventory:$10,000
FF&E:$450,000
Gross Revenue:$1,800,000
Rent:$3,600/Month
Established Year:2015
BUSINESS DESCRIPTION

Famous Deli and Taco Bar very close to the central business district in downtown Detroit. Offering this Well established Deli and Taco Bar business for sale with great annual Gross sales in 2024 of $1.8 Million. Grossing over $900,000.00 Gross sales on the Mexican Menu menu annually with Signature steak, shrimp, chicken and fish Tacos, Burritos, Quesadillas and Bowls. Over $900,000.00 Gross Sales on the Deli Menu with great deli style corned beef, signature sandwiches and a wide array of deli meats and cheeses. Freshly cooked corned beef, soups and fresh salads. Updated well equipped kitchen with top of the line equipment. Over 2000 square feet with dining room seating. Paved parking lot. Long term Net lease of ($3,500.00 NNN) good terms. All business assets and good will $899,000.00 with $495,000.00 down with terms on the balance. Call listing Broker Joe Nahra for appointment to inspect the facility or for more information.


DETAILED INFORMATION
Location
Detroit, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,220
Lease Expiration
14/04/2029
Employees
15
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
2220 square foot free standing building with paved parking lot in the rear. Very good condition kitchen equipment and well maintained restaurant. Fully set up kitchen for deli menu and Mexican menu cooking with dining room and carry out service. Long term net lease at $3,500.00 NNN monthly.
Competition
This restaurant is unique with the freshly cooked menu items and fast service required for a deli menu and a Mexican Menu.
Growth & Expansion
High volume carry out at present and catering could be increased for added increase in sales.
Financing
Price at $899,000.00 with $495,000.00 down and contract terms.
Support & Training
Support and training available provided by seller based on an agreed on schedule.
Reason for Selling
Other business ventures.
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Joe
Nahra
R.E. Consulting Services, LLC
Joe Nahra