Mexican Restaurant or Its Your Next Waterford Location

Waterford, MI
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Asking Price:$1,285,000
Established Year:1970
Gross Revenue:$2,000,000
BUSINESS DESCRIPTION

This Restaurant with Class C Liquor License has been a dynasty and staple for over 54 years in Waterford. The family wants to retire so do not pass up this opportunity. Past sales have been over $2,000,000.00.  This is a local favorite with a well established clientele. Established in 1970, the business and building have gone through many upgrades. The kitchen is built for high volume and the profitability of this type of concept can’t be beat. Currently closed on Mondays to give the staff a break but you can open on Mondays to increase your sales and profits. This business is priced to sell quickly and includes the property with seventy (70) parking spaces on site as well. The frontage is on Highland Road.  Highly traveled Highland Road gives the restaurant great exposure to current as well as new customers.

Come take a look. You won’t be disappointed!!


ATTACHED DOCUMENTS
Confidentiality Agreement.pdf Download

DETAILED INFORMATION
Location
Waterford, MI
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
5,646
Facilities
The building and restaurant assets have been upgraded multiple times over the last 54 years. Everything is in good operating condition.
Competition
Long established restaurant with huge following that have spanned generations. Sales of $2MM says alot.
Growth & Expansion
Restaurant has been closed on Mondays due to need for rest. Open Mondays and increase revenue considerably.
Support & Training
Transitional support is available
Reason for Selling
After 54 years, they want to retire.
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Michael Scheid
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Michael Scheid