1990 N US-31 N $125,000

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    1990 N US-31 N Traverse City, MI 49686

    • Commercial
    MLS# 1856309 | Active U/C Taking Backups

    $125,000

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    Days On Market: 73 29 Views
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    Property Details

    Breakaway Café & Coffee Bar has created a foundation for its successorship to hit the ground running, minimizing the risks of a first-time, or veteran business owner and allowing the opportunity to turn a profit within the first year of ownership. The business already turned a profit in its second fiscal year. This is unprecedented in the food and beverage industry and predictive of a high rate of profitable growth moving into its third year of operations. The seller's objective is to continue this momentum and transfer ownership to a worthy leader who will maintain a positive impact in the community. The financials project a 30% sales increase this fiscal year over last. The momentum of Breakaway's brand recognition, the trust they have built with their regulars, and its intellectual property - logo, website, content, recipes, etc. - make it a valuable investment. Paired with its sound procedures, proprietary recipes, and steady, predictable overhead, this turn-key business is poised for growth as a franchise or satellite locations.

    • General Features
      • Licenses Food
      • Included In Lease None
      • Business Incl Yes
      • Business Name Breakaway Cafe
      • Type of Ownership Private Owner
      • Approx Year Built 1979
      • Type Retail/Commercial
      • Town T 27N
      • Township East Bay
      • Present Use Restaurant/Food Service
    • Building Features
      • Extras Sprinkler System, Furniture/Fixtures, 16ft Ceiling Height
      • Foundation Slab
      • Heating Cooling Source Natural Gas
      • Roof Asphalt
      • Heating Cooling Type Forced Air
      • Apx Total Fin SQFT 990
    • Property Features
      • Water Municipal Water
      • Vacant Land No
      • Univs Design/Barrier Free None
      • Road Public Maintained, Blacktop
      • Sewer Municipal
      • Parking Parking Lot
      • Exterior Features Wood
      • Construction Frame
      • Lot Dimensions See Associate Documents
      • Location Shopping Center

    Contact

    Craig Lively

    Broker/ Owner

    RE/MAX LIGHTHOUSE

    Mobile Phone: 231-838-7481

    Neighborhood

    49686 (Traverse City) Demographics

    44Median Age
    272Population Density (per sq. mile)
    49%College Educated
    $58,389Estimated Median Income
    9,960Estimated Total Home Owners
    3,551Estimated Total Renters
    74% / 26%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    32,747Total Population

    Market Last 30 Days

    $190,500 Median Sales Price
    23 Homes Sold
    50 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $125,000
        3/20/2019 4:31:34 PM Status Changed Source New Value: Active U/C Taking Backups
        1/13/2019 1:31:24 AM Status Changed Source New Value: Active
        1/10/2019 11:32:00 AM New in Database Source

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        The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of Northern Great Lakes REALTORS MLS. All information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.