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Fine Dining Restaurant w/Liquor and Banquet Room

$295,000.00

This is an upscale fusion of American and Italian cuisine with vegetarian friendly, gluten free, and vegan options. The restaurant also serves liquor, wine and beer. Sales and cash flow have increased substantially every year since it opened in July, 2012. In addition to one of the owner who works in the business time and earns approximately $50,000 per year, there are two additional managers who earn $45,000 and $35,000. It has all the bells and whistles for that creative food person who likes the fine dining setting. It has a separate banquet room and bar in the basement that is used for both a catering hall and a bar with live entertainment to draw more customers. It is located in a downtown venue in a busy Washtenaw County location.

  • Location : Wayne County
  • Down Payment Option : $100,000
  • Monthly Payment : $3861.23
  • Financing Interest Rate : 7%
  • Financing Period : 60 months
  • Gross Sales : $630,301
  • Source of Financial Info : 2017 P&L
  • Cash Flow : TBD
  • Total Inventory : $5,000
  • Days Open : 6 Days
  • Hours of Operation : NA
  • Parking : ample
  • License Requirement : Liquor, Health dept, Sales tax
  • Year Established : 2012
  • Year Acquired : 2012
  • Monthly Rent : $3,850 Including water
  • Real Estate Price : NA
  • Real Estate Purchase Terms : NA
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