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Northwest of Igham county, MI

  • Listing Number: 217-21738

    Category: Food - Restaurant

Asking Price $135,000
Down Payment $65,000
Gross Revenue $308,516
Total Adjusted Net Income $63,420
Equipment / Fixtures $152,777
Year Established 2019
General Location Northwest of Igham county, MI
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This is a good opportunity to take a turnkey Vietnamese restaurant in an upscale area in Ingham county, MI. It is super eye catching when stepping into this restaurant. It is located in a shopping center in the downtown area. It serves appetizers, rice, noodles, seafood, Banh Mi sandwiches, soups, smoothies, coffee and more. The owner spent $274K in infrastructure in 2019 and COVID hit right after opening. The business has increased from 2021 onward. 2022 1st half sales increased by 25.7% from 2021.

The restaurant has good potential. It opens 5 days per week as the owner has another business. The owner only advertised on Facebook. Catering contributes to 20% of total sales. The space is good enough to add more recipes.
The equipment is in very good condition. The owner invested in maintenance every year. The owner also paid $20K for recipes and will hand over to new owner and train. Don’t hesitate and contact us now.

Gross Revenue
$308,516
Listed Price
$135,000
Total Income
$63,420
Down Payment
$65,000
Base Rent
$2,670
Square Feet
2289
Total Rent
$3,670
Lease Expiration
02/2024
Rent Deposit
$5,341
Lease Options
1 option with 5 years
Inventory
Not Included
Leasehold Improvements
121500
Equipment / Fixtures
$152,777
Other Assets
Intangible assets: $20K of Recipe included in the price
Full-Time Employees
2
Training Period
2 weeks
Part-Time Employees
6
Reason for Selling
Seller has another business

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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