Listed by New Michigan Realty
$169,900
Rawaas Street Sweets and Bakery
Details
APN 999999
Property Type Business for Sale, Retail
Sub Type Business Only, Storefront
Square Footage 2,000
Net Rentable (SqFt) 2,000
Units 1
NOI $9,999,999
Tenancy Single
Lease Options 5 years
Price per SqFt $85
Class A
Year Built 1977
Year Renovated 2024
Stories 1
Zoning commercial
Parking Spaces 1 spaces
Parking per 1,000 SqFt 0.50
Investment Type Owner/User
Ownership Leased
Sale Condition For sale by owner
Bakery and Pastry shop for sale, equipped with a full kitchen that can opperate as a restaurant also
Marketing description
This is an award winning best pastry shop in Sterling Heights business. Ready and profitable bakery and pastry shop located in the very busy Kroger shopping center on 18 mile and Dequindre in Sterling Heights. With a minimum of at least $100,000 in equipment, furniture, and upgrades, this turnkey operation is ready and waiting for the right operator to take it, and immediately make money . Besides walk in traffic, this bakery supplies many local supermarkets and banquet halls with various desserts, sweets, and appetizers. Very favorable lease in place - $4133 all in, which is amazing for the area. There is great opportunity to expand products with this fully equipped business, as the seller can not accommodate all of the business that they are getting. The seller currently also does not accept EBT and that would also generate a significant amount of more income.
Investment highlights
Step into immediate profitability with this award-winning bakery and pastry shop that delivers consistent revenue streams from day one. You'll inherit an established customer base including loyal walk-in traffic plus lucrative contracts supplying local supermarkets and banquet halls with desserts, sweets, and appetizers.
Listing Contacts
Listed by New Michigan Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$9,999,999.00
$833,333.25/mo
Valuation Metrics
0
DSCR
5,885.81%
Cap Rate
5,885.81%
ROI
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