38944 Dequindre Rd Sterling Heights, MI 48310

Listing agency Realtors of Michigan LLC

Listed by Moe Antar · License #MI

Source Crexi

Added: Sep 2, 2024 Updated: Jul 10 at 11:24AM Checked: Jul 19 at 9:41AM

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Investment Insights

Based on property information with market context.

This is an opportunity to own a restaurant specializing in traditional cuisine, located in a high-traffic plaza. The business has been operating successfully and has earned excellent reviews from loyal patrons. The current lease has four years remaining. The monthly rent is $2,500. The annual gross revenue is $240,000, which is $20,000 monthly. Expenses are $15,000 monthly, including utilities. There are 4 dedicated staff members, with the option to retain them post-purchase; the current payroll is $50,000 annually. This restaurant is a turnkey operation, offering a solid foundation for a new owner to step in and continue its success.

Key Highlights

• Established restaurant in a high‑traffic plaza location.
• Turnkey operation with a strong customer base and excellent reviews.
• Annual gross revenue of $240,000 (20k monthly).

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FAQs

What type of property is this?

Conventional restaurant - Thriving restaurant in high-traffic plaza with loyal customer base.

Where is this conventional restaurant located?

The property is located at 38944 Dequindre Rd Sterling Heights, MI.

What is the asking price?

The asking price for this property is $60,000.

What are key features of this property?

This property features: Established restaurant in a high‑traffic plaza location.; Turnkey operation with a strong customer base and excellent reviews.; Annual gross revenue of $240,000 (20k monthly).