Deli Restaurant Coffee House & Bakery In Michigan For Sale

Business description

This fine company is a three in one business enterprise consisting of a deli, bakery and coffee house. The company was established in 1993 and has been under current management since 1997. Growth possibilities for this business model are proving to be a highly visible and successful venture.
This deli, bakery and coffee house has average cash flow presently above industry norms. This company has years of profitable P & L's with a great cash flow. They have the honor of holding the title for 10 years running as the "Best Deli & Sandwich" from local publications. The building and land is included in the sale.
This well established deli and bakery with 55% of revenues attributable to deli/restaurant sales, 25% to bakery items and 20% to the coffee house sales is poised for dynamic growth for the long term entrepreneur/restaurateur.
All equipment, inventory and a 2004 Ford Delivery Van are included in the asking price.

Property information

Real Estate:

Lease

Premises details:

The 3 buildings are 5,100 sq ft and located on a 1/2 acre lot. They are in good condition with a 200 sq ft office. The 3 buildings are as follows, a deli, a coffee house and a bakery. Owned w/ Option to purchase.

Business Operation

Expansion potential:

Expanding the menu and hours of operation, plus offering breakfast and doing on-site catering would help to add to the growth of this business.

Competition / Market:

The customers return because the food is made daily on site. One of the favorites is the potato salad which sells 80-100 lbs per week! They are the only TRUE delicatessen in the city with some of their recipes going back 80 years! There is little Competition.

Reasons for selling:

Other interests

Employees:

16

Years established:

1993

Other information

Support & training:

All staff will most likely stay after the sell. Owner will stay for a reasonable transition to acclimate new owner.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Financing negotiable up to 50%

Furniture / Fixtures value:

$180,000 (included in the asking price)

Inventory / Stock value:

$10,500 (included in the asking price)

Website:

www.intlag.com/