Photo 1
Restaurants & FoodFor Sale

Established Detroit Soul Food Restaurant & Catering Businesss - Prime Downtown Location

Detroit, Michigan

About This Business

This exceptional soul food restaurant has been a beloved Detroit institution since 2001, serving authentic cuisine to a loyal customer base throughout the metropolitan area. With annual revenues of $2.7 million and strong cash flow of $203,639, this well-established operation demonstrates consistent profitability and market demand. The restaurant features a full-service dining room, active catering division, and strong community presence that has sustained growth for over two decades. The current owner is transitioning to pursue other business interests and is offering this turnkey operation to qualified buyers seeking entry into Detroit's vibrant food service market. The business operates with an experienced team of 18 employees and maintains established relationships with suppliers, vendors, and the local community. The restaurant benefits from a prime location with excellent visibility and foot traffic, complemented by a growing catering operation that provides additional revenue streams. The property includes all necessary equipment, inventory systems, and operational infrastructure to continue seamless operations under new ownership. This is an exceptional opportunity to acquire a profitable, established restaurant with proven systems, loyal customer base, and multiple revenue channels. The seller is motivated to ensure a smooth transition and will provide comprehensive training and support to qualified buyers.

Financial Details

Asking Price
$755,000
Cash Flow
$205,000
Gross Revenue
$2,715,000
EBITDA
$165,000
Inventory
N/A

Business Details

Established
2001
Employees
18
Real Estate
Own
Reason for Selling
Moving to other ventures
Financing
Yes
Training
Yes

Deal Analysis

Estimated figures for analysis purposes only. Consult a financial advisor.

Price/SDE Multiple
3.7x
Price/Revenue
0.3x
DSCR
2.17
Cash on Cash ROI
66.7%
Down Payment (SBA 10%)$75,500
Loan Amount$679,500
Monthly Payment$7,890/mo
Annual Debt Service$94,675
Owner Salary$60,000
Cash Flow After Debt + Salary$50,325
Asking Price
$755,000
Cash Flow: $205,000

Send Inquiry