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Downtown Pizzeria & Restaurant
Location: United States -> Michigan -> Ann Arbor
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This is a rare find. It is a very well established eatery located in the heart of downtown Ann Arbor with thousands of U of M students in the immediate area. They serve pizza (whole and by the slice), pasta, subs, salads, hamburgers, fried foods and much more. They seat 50 inside and another 24 outside, weather permitting. They offer delivery as well. Approximate 50% of the sales are dine in and 50% are carry-out and delivery. There are a few parking spots as well as ample municipal parking.

The food is freshly prepared daily and as a result, the restaurant enjoys a great reputation for their excellent food. All recipes are included in the sale. The business stays open late on Friday and Saturday to accommodate the late night crowd. Sales on Friday and Saturday from midnight to 4am averages $500 per night.

The business has supported the seller and his family very well over the past 5 years. The seller is now ready to retire. Call Armen Nazarian at 248-855-7753.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $459,000
Cash Flow:   $75,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $5,000
Seller Financing:  Yes

About The Business

Year Established:  2007
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Seller will train
Reason For Selling:  Retirement




Print Listing Id: 700205361
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Michigan Businesses For Sale > Michigan Franchises For Sale > Michigan Business Brokers



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