Catylist ID:
#30830464
"FULL HOUSE" Restaurant & Real Estate
Business Opportunity
for Sale
| Catylist Listing ID: | 30830464 |
| Property Subtypes: | Food and Beverage |
| Building Size (RSF): | 2,935 SF |
| Sale Price: | $520,000 |
| In Opportunity Zone? | Yes |
| Name of Establishment: | The Full House - "The Best/Only Burger in Town" |
| Year Business Established: | 1973 |
| Gross Revenue: | $600,000 (Annual) |
| Cash Flow: | $0 (Annual) |
| Sale Terms: | Combined sale includes $270,000 for the Real Estate; and, $250,000 for the Business Equity, Class C Liquor License, State Lottery License, Furniture, Fixtures & Equipment. Seller will accept cash payment for the Business; and, consider a Land Contract for sale of the Real Estate. |
| Last Updated: | 2/3/2023 |
Overview / Comments
|
Since 1973, The Full House Restaurant has proudly served millions of quality sandwiches to millions of hungry customers. It's a "Great Little Place in a Great Little Town". A 65 seat restaurant offering lunch & dinner, beer/wine/liquor, televised sporting events & KENO. Includes real estate, furniture, fixtures & equipment, Class C Liquor License and State Lottery License. The Michigan State Lottery Commission has named "The Full House" as the Best Place to Play KENO in Washtenaw County! Located off high traffic Michigan Avenue, east of downtown Ypsilanti. Easy access to I-94 via Huron or US-12/Michigan Ave. Zoned GC (General Corridor), City of Ypsilanti. |
Attachments & Media
Additional Details
| Nearest MSA: | Ann Arbor |
| County: | Washtenaw |
| Industry Segment: | Restaurants |
| Reason for Selling: | Retirement |
| Value of Inventory Included ($): | $0 |
| Value of Furniture, Fixtures, and Equipment ($): | $0 |
| Real Estate Status: | Real Property |
| Value of Real Estate Included ($): | $270,000 |
| Mgmt/Training Support Description: | Seller will personally offer up to 45 days consulting after closing. |
| Seller Financing Description: | Will consider Land Contract on Real Estate portion of sale to qualified buyer |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 12,480 | 66,444 | 136,347 |
| Median Age: | 34.98 | 33.09 | 34.73 |
| Households: | 5,608 | 27,716 | 55,763 |
| The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions. |
