For Sale
$179,800

2563 Ellsworth Rd Ypsilanti, MI 48197

Established eatery, high income potential, immediate occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional turnkey restaurant opportunity is located at 2563 Ellsworth Rd, Ypsilanti Township, MI 48197. The 3,000 square foot space is situated in a busy strip center, offering convenient access and high visibility. Currently operating as a successful breakfast and lunch coney island restaurant, this property boasts a strong track record, generating a monthly income between $43,000 and $45,000. The business has been family-owned and operated for over 18 years, and the owner is now retiring, presenting a unique chance for a new owner to step in. The restaurant features a large dining area, a walk-in cooler, a walk-in freezer, a dedicated dishwashing station, and a cashier area. Recent renovations include new flooring, booths, and tables (all completed in 2021), along with fresh paint. The end-unit location within the strip center provides excellent exposure, and ample parking is available for customers. The property is offered at an asking price of $179,800 with a gross lease in place for a remaining term of four years. The current occupancy is 100%. Significant upside potential exists by expanding hours to include dinner service. Please note that all financial data is approximate. This is a rare opportunity to acquire a profitable, established business with significant growth potential.

Property Details for 2563 Ellsworth Rd

Property type
Specialty properties
Square Feet
3,000 SF

Location Insight

City
Ypsilanti
County
Washtenaw
State
Michigan
Latitude
42.2299734
Longitude
-83.6501168

FAQs

What type of property is this?
Specialty property - Established eatery, high income potential, immediate occupancy.
Where is the specialty property located?
The property is located at 2563 Ellsworth Rd Ypsilanti, MI.
What is the asking price?
The asking price for this property is $179,800.
How can I contact the broker?
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2563 Ellsworth Rd
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