Rico's Cafe & Pizzeria

Retail-Commercial for Sale
Catylist Listing ID: 30842891
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 2,760 SF
Gross Building Area: See Agent
Gross Land Area: 1.52 Acres
Sale Price: $799,000
Unit Price: $289.49 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/26/2023

Overview / Comments

Experience the charm of a friendly, family-owned restaurant that has been serving customers since 1996. With its iconic reputation and delicious pizza recipe dating back to 1978, this locally owned and operated eatery serves up home-cooked meals for breakfast, lunch,and dinner. Situated in an ideal location away from the hustle and bustle of town, this restaurant boasts a loyal following of regulars who love the small-town and up north vibe. However, don't let its location fool you - it's conveniently located on main highway US-31,with an average of 22,000 plus cars passing by daily. This gives the restaurant great exposure and opportunities to attract new visitors.This restaurant is a staple in the community, renowned for its friendly service and delicious breakfast options, delectable pizzas, and Fish Fry Fridays. Customers have also eagerly anticipated their annual Greek Month in February and Polish Month in March, during which traditional favorites like gyros, baklava, kielbasa and homemade perogies are served up. In addition, they host a variety of other popular events throughout the year, such as Southern Cookin' Burger Bash, Octoberfest, Veterans Appreciation Day, and Italian Month – all of which attract customers from all taste pallets, making it a top destination for locals. With nearly two decades of tradition of these events,each ethnic menu and all homemade from scratch, it's no wonder the restaurant is a beloved part of the community. Included with the restaurant is all furniture, fixtures, and equipment, a food license, liquor license, beer and wine license, and more. Plus, with room for expansion, there's plenty of potential to grow this beloved business even further. Don't miss your opportunity to take over this beloved turn-key restaurant, complete with everything you need to hit the ground running and continue the legacy of serving up great food and creating unforgettable memories in a warm and welcoming atmosphere.

Additional Details

Nearest MSA: Traverse City
County: Grand Traverse
Tax ID/APN: 28-02-007-020-20
Retail Clientele: General, Family, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: US-31
Tenancy: Single Tenant
Number of Stories: 1
Property Condition: Good
Year Built: 1987
Parking Type: Surface

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 10,544 29,362
Median Age: 37.77 39.86
Households: 3,952 11,963


© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Moody's assume any liability for errors or omissions.