Fine Dining Restaurant w/Liquor and Banquet Room

File# C2432
Location: Wayne County
Business Price: $295,000
Down Payment: $100,000
Monthly Payment:$3861.23
Interest Rate: 7%
Amortization Period:60 months
Gross Sales: $630,301
Source: 2017 P&L
Cash Flow: TBD
Source:
Inventory: $5,000
Days Open: 6 Days
Business Hours:
Seats: 113 Main Floor, 166 Banquet room in lower level
Parking: ample
Licences Required:Liquor, Health dept, Sales tax.
Year Established:2012
Year Acquired: 2012
Monthly Rent:$3,850 Including water

Profile:

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.

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This information has been supplied to Broker, Capital Business Brokerage, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.