LEBANESE RESTAURANT IN DEARBORN

Undisclosed Address, Michigan
Business Opportunity for Sale
Catylist Listing ID: 30655168
Property Subtypes: Food and Beverage
Building Size (RSF): 3,195 SF
Sale Price: $995,000
Year Business Established: 1981
Gross Revenue: $1,000,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: cash or other terms acceptable to seller
Last Updated: 11/7/2020

Overview / Comments

The best in Lebanese cuisine. 20 years at this location. Customers come for dinner from Ann Arbor, West Bloomfield and Grosse Pointe to enjoy the cuisine. Huge lunch from the Ford offices, Walmart and the many other offices nearby. Din in and carry-out lunch sales significant. The restaurant has 3 vehicles for deliveries. 3,195 sq ft with outdoor patio. 106 seats inside and 60 on patio. Rent is $9,348.00 per month NNN. Sales over $1MM dollars. Class C liquor license available for this location if buyer prefers alcohol sales to improve the mix. Huge parking lot adjacent to the restaurant. Classic Lebanese restaurant with long standing clientele.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Its time.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $325,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: $9,348 per month NNN
Mgmt/Training Support Description: Transition support is available

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Demographic Statistics

Proximity: 5 miles
Total Population: 2,593
Median Age: 44.17
Households: 1,031

Contact

Photograph of Listing Agent

Michael E. Scheid

Thomas Hospitality Group
CPIX Member
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