Franchised Turn Key Restaurant College Town Sports Bar

Undisclosed Address, Michigan
Business Opportunity for Sale
Catylist Listing ID: 30810749
Property Subtypes: Food and Beverage
Building Size (RSF): 5,476 SF
Sale Price: $1,800,000
Franchised Business: Yes
Gross Revenue: $1,800,000 (Annual)
Cash Flow: $0 (Annual)
Cash Flow Type: EBITDA
Last Updated: 12/1/2022

Overview / Comments

This franchised restaurant sports bar caters to both family's and the college crowds. With a popular menu from a Mid-West franchise with 24 locations, this location is owned and operated by an industry veteran with decades of leading successful franchise concepts across the country.
Located in a mid / southern Michigan city with a college and university within a 3-mile radius of the restaurant, the sports bar concept has been a big hit and college sports are a guest favorite at this location. Daily traffic count at the location is 15,921 and the site is next door to Walgreens, just off a signalized corner. The area is popular with national restaurant chains and retailers and is right on the road from Downtown and schools and shopping districts.
The 3-mile radius around the restaurant count 31,000+ residents.
The restaurant focuses on chicken but has a robust menu that has something for just about anyone. The restaurant performs well in COGS in both food and bar, even with rising back door costs recently.
The bar features multiple tap beers from a central beer cooler and extensive TV placement throughout. A separate door allows access to the bar area without walking through the restaurant host stand.
The property has a massive parking lot with parking for 88+ Two curb cuts allow for easy egress from the lot.
The kitchen has 5 fryers, stove, broiler and even a pizza oven. Walk in coolers for the kitchen are separate from the walk-in beer cooler.
The franchise brings added value to the restaurant with a frequent guest program, online menu and ordering and even a mobile app.
This could be a great opportunity for both an experienced operator or new to the industry. With a franchise to back you with marketing and food concepts and the proven history and success at the location, there are multiple tracks for building sales with additional focus on lunch and delivery / take out services.
Sale includes Class C liquor license.
Sale price is plus actual inventory at cost on day of sale.

Additional Details

Industry Segment: Bars and Taverns
Reason for Selling: Partners and working towards retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $228,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $900,000
Real Estate Lease Description: Real estate is included in sale
Mgmt/Training Support Description: Negotiable
Growth/Expansion Opportunities: Expanding takeout and delivery options and expanding lunch business

Contact

Photograph of Listing Agent

Matthew Wisniewski, CCIM

RE/MAX COMMERCIAL GROUP CPIX Member
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