Profitable Franchise Location

PROPERTY TYPE: business for sale
Sale or lease: sale
leased SPACE: 4,200 SF
Price: $1,200,000

Great opportunity to purchase well established and profitable local franchise Grand Traverse Pie Company. Located on the west side of Ann Arbor, near Dexter in a strip center just off I-94 with other established businesses such as Baxter’s Liquor, Metzger’s Restaurant, All Star Driving, and The Art Spot.

The leased premises is ± 4,200 SF, with retail counter offering premade pies and baked goods, large dining room, restrooms, and kitchen and walk-in cooler and freezer.

Grand Traverse Pie Company has been in this location since 2006, with its current lease agreement terminating at the end of August and continuing month-to-month. The Landlord is looking forward to continuing the restaurant and negotiating an acceptable lease term with the new owners.

Grand Traverse Pie Company has an Agreement with the Regents of the University of Michigan through October of 2027, with the possibility for a 2-year extension.

Franchisor must approve sale and Purchaser prior to closing.