Business For Sale · 2017. 1. 5. · Estimated Average Household Net Worth (2016) $217,785 $313,435...

Macomb CountyCottage Inn Pizza in Roseville, MI

Business For Sale

Disclosure: We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease of financing or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You your tax and legal advisors should conduct your own investigation of the property and transaction.

Property Summary:

• Great opportunity to be a part of a fast growing Pizza Franchise. • 1,500 SF building located on busy street.• Turn-key locations with all of the necessary equipment and facilities. • Training provided.• Asking: $99,999

Locations Commercial Real Estate Services32000 Northwestern Highway, Ste. 275Farmington Hills, MI 48334Office: (248) 516-7777

Contacts: Nadir JiddouDirect: 248-939-9975Email: [email protected]

Cottage Inn PizzaRoseville, MI

Property Details

• This franchise offers great selection of Pizza, Subs, and Salads. This location is one of the few that offers Broasted Chicken as well.

• Large territory that could be developed.

• Franchise fees are 5% for Royalties and 3% for Marketing.

• Transfer fee is $5,000, and it includes the training.

• Training is done locally and usually takes about 4 weeks.

• Lease is $1,100.00 Gross with 3 three year options available.

• Furniture, Fixtures, & Equipment (FF&E) included in asking.

• All equipment is in great shape. Middleby Marshall double deck 570 ovens, two 1800 broasters and one fryer, two hoods with fire suppression for the fryer hood, 60 quart Hobart mixer.

• Traffic: 15,000 ADT

• Asking: $99,999


Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 1 of 5©2016, Sites USA, Chandler, Arizona, 480-491-1112

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EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 42.5078/-82.9346RF5

1 mi radius 3 mi radius 5 mi radius

PopulationEstimated Population (2016) 18,093 133,134 314,268Projected Population (2021) 18,743 137,063 322,136Census Population (2010) 17,918 132,966 314,658Census Population (2000) 18,288 138,572 325,491Projected Annual Growth (2016 to 2021) 650 0.7% 3,929 0.6% 7,868 0.5%

Historical Annual Growth (2010 to 2016) 175 0.2% 168 - -390 -

Historical Annual Growth (2000 to 2010) -370 -0.2% -5,606 -0.4% -10,833 -0.3%

Estimated Population Density (2016) 5,762 psm 4,711 psm 4,003 psm

Trade Area Size 3.14 sq mi 28.26 sq mi 78.51 sq mi

HouseholdsEstimated Households (2016) 7,768 56,677 133,108Projected Households (2021) 8,203 59,494 139,290Census Households (2010) 7,505 55,267 129,808Census Households (2000) 7,697 56,843 133,707Estimated Households with Children (2016) 2,253 29.0% 15,717 27.7% 37,281 28.0%

Estimated Average Household Size (2016) 2.32 2.34 2.34

Average Household IncomeEstimated Average Household Income (2016) $48,323 $60,568 $61,066Projected Average Household Income (2021) $53,621 $69,348 $69,827

Estimated Average Family Income (2016) $57,298 $72,338 $73,269

Median Household IncomeEstimated Median Household Income (2016) $41,938 $50,618 $51,402Projected Median Household Income (2021) $45,911 $55,437 $56,373

Estimated Median Family Income (2016) $51,252 $63,179 $64,344

Per Capita IncomeEstimated Per Capita Income (2016) $20,795 $25,811 $25,914Projected Per Capita Income (2021) $23,514 $30,127 $30,242Estimated Per Capita Income 5 Year Growth $2,720 13.1% $4,316 16.7% $4,327 16.7%

Estimated Average Household Net Worth (2016) $217,785 $313,435 $329,109

Daytime Demos (2016)Total Businesses 613 5,120 11,622Total Employees 5,971 51,575 116,083Company Headquarter Businesses 2 0.3% 13 0.3% 36 0.3%

Company Headquarter Employees 44 0.7% 997 1.9% 4,618 4.0%

Employee Population per Business 9.7 10.1 10.0Residential Population per Business 29.5 26.0 27.0



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Lat/Lon: 42.5078/-82.9346RF5


Race & EthnicityWhite (2016) 14,547 80.4% 109,342 82.1% 238,616 75.9%Black or African American (2016) 2,528 14.0% 16,494 12.4% 57,322 18.2%American Indian or Alaska Native (2016) 59 0.3% 436 0.3% 1,005 0.3%Asian (2016) 387 2.1% 3,131 2.4% 8,553 2.7%Hawaiian or Pacific Islander (2016) 1 - 15 - 40 - Other Race (2016) 80 0.4% 472 0.4% 1,229 0.4%Two or More Races (2016) 490 2.7% 3,245 2.4% 7,503 2.4%

Not Hispanic or Latino Population (2016) 17,688 97.8% 130,181 97.8% 307,242 97.8%Hispanic or Latino Population (2016) 405 2.2% 2,953 2.2% 7,026 2.2%Not Hispanic or Latino Population (2021) 18,172 97.0% 132,946 97.0% 312,484 97.0%Hispanic or Latino Population (2021) 571 3.0% 4,117 3.0% 9,651 3.0%Not Hispanic or Latino Population (2010) 17,566 98.0% 130,413 98.1% 308,598 98.1%Hispanic or Latino Population (2010) 352 2.0% 2,553 1.9% 6,060 1.9%Not Hispanic or Latino Population (2000) 18,009 98.5% 136,786 98.7% 321,244 98.7%Hispanic or Latino Population (2000) 279 1.5% 1,786 1.3% 4,247 1.3%Projected Hispanic Annual Growth (2016 to 2021) 166 8.2% 1,164 7.9% 2,625 7.5%Historic Hispanic Annual Growth (2000 to 2016) 126 2.8% 1,167 4.1% 2,779 4.1%

Age Distribution (2016)Age Under 5 1,084 6.0% 7,079 5.3% 17,057 5.4%Age 5 to 9 Years 979 5.4% 7,034 5.3% 17,103 5.4%Age 10 to 14 Years 1,104 6.1% 7,904 5.9% 18,710 6.0%Age 15 to 19 Years 1,116 6.2% 8,240 6.2% 19,457 6.2%Age 20 to 24 Years 1,238 6.8% 8,174 6.1% 19,547 6.2%Age 25 to 29 Years 1,410 7.8% 9,138 6.9% 21,091 6.7%Age 30 to 34 Years 1,349 7.5% 8,617 6.5% 19,612 6.2%Age 35 to 39 Years 1,147 6.3% 7,859 5.9% 18,340 5.8%Age 40 to 44 Years 1,148 6.3% 8,192 6.2% 19,327 6.1%Age 45 to 49 Years 1,240 6.9% 9,121 6.9% 21,240 6.8%Age 50 to 54 Years 1,307 7.2% 10,151 7.6% 23,652 7.5%Age 55 to 59 Years 1,263 7.0% 9,983 7.5% 23,261 7.4%Age 60 to 64 Years 1,044 5.8% 8,145 6.1% 19,293 6.1%Age 65 to 74 Years 1,368 7.6% 12,254 9.2% 29,046 9.2%Age 75 to 84 Years 841 4.6% 7,554 5.7% 17,855 5.7%Age 85 Years or Over 455 2.5% 3,688 2.8% 9,678 3.1%Median Age 37.5 40.7 40.8

Gender Age Distribution (2016)Female Population 9,308 51.4% 68,987 51.8% 164,431 52.3%

Age 0 to 19 Years 2,073 22.3% 14,657 21.2% 35,042 21.3%Age 20 to 64 Years 5,614 60.3% 40,196 58.3% 95,290 58.0%Age 65 Years or Over 1,622 17.4% 14,133 20.5% 34,099 20.7%

Female Median Age 39.3 42.6 42.9

Male Population 8,785 48.6% 64,147 48.2% 149,837 47.7%Age 0 to 19 Years 2,210 25.2% 15,600 24.3% 37,285 24.9%Age 20 to 64 Years 5,532 63.0% 39,185 61.1% 90,072 60.1%Age 65 Years or Over 1,042 11.9% 9,363 14.6% 22,480 15.0%

Male Median Age 35.7 38.7 38.6



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Lat/Lon: 42.5078/-82.9346RF5


Household Income Distribution (2016)HH Income $200,000 or More 29 0.4% 860 1.5% 2,453 1.8%HH Income $150,000 to $199,999 112 1.4% 1,735 3.1% 4,435 3.3%HH Income $100,000 to $149,999 537 6.9% 6,041 10.7% 14,647 11.0%HH Income $75,000 to $99,999 811 10.4% 7,610 13.4% 17,729 13.3%HH Income $50,000 to $74,999 1,624 20.9% 11,753 20.7% 26,219 19.7%HH Income $35,000 to $49,999 1,491 19.2% 9,073 16.0% 21,003 15.8%HH Income $25,000 to $34,999 971 12.5% 6,211 11.0% 14,673 11.0%HH Income $15,000 to $24,999 1,032 13.3% 6,751 11.9% 15,615 11.7%HH Income Under $15,000 1,160 14.9% 6,643 11.7% 16,335 12.3%

HH Income $35,000 or More 4,605 59.3% 37,071 65.4% 86,486 65.0%HH Income $75,000 or More 1,489 19.2% 16,246 28.7% 39,264 29.5%

Housing (2016)Total Housing Units 8,144 59,141 140,047Housing Units Occupied 7,768 95.4% 56,677 95.8% 133,108 95.0%

Housing Units Owner-Occupied 5,343 68.8% 43,116 76.1% 99,229 74.5%Housing Units, Renter-Occupied 2,425 31.2% 13,562 23.9% 33,879 25.5%

Housing Units, Vacant 375 4.6% 2,464 4.2% 6,939 5.0%

Marital Status (2016)Never Married 4,989 33.4% 33,784 30.4% 82,828 31.7%Currently Married 6,089 40.8% 51,326 46.2% 116,906 44.7%Separated 406 2.7% 2,548 2.3% 6,561 2.5%Widowed 1,289 8.6% 9,410 8.5% 22,175 8.5%Divorced 2,153 14.4% 14,049 12.6% 32,927 12.6%

Household Type (2016)Population Family 14,249 78.8% 107,642 80.9% 252,874 80.5%Population Non-Family 3,767 20.8% 24,990 18.8% 58,900 18.7%Population Group Quarters 78 0.4% 502 0.4% 2,494 0.8%

Family Households 4,603 59.3% 35,379 62.4% 82,376 61.9%Non-Family Households 3,165 40.7% 21,298 37.6% 50,731 38.1%Married Couple with Children 1,176 19.3% 9,320 18.2% 21,544 18.4%Average Family Household Size 3.1 3.0 3.1

Household Size (2016)1 Person Households 2,659 34.2% 18,232 32.2% 43,920 33.0%2 Person Households 2,354 30.3% 18,256 32.2% 41,951 31.5%3 Person Households 1,246 16.0% 8,950 15.8% 20,524 15.4%4 Person Households 905 11.7% 6,826 12.0% 15,818 11.9%5 Person Households 384 4.9% 2,906 5.1% 6,978 5.2%6 or More Person Households 220 2.8% 1,508 2.7% 3,918 2.9%

Household Vehicles (2016)Households with 0 Vehicles Available 799 10.3% 3,751 6.6% 9,729 7.3%Households with 1 Vehicles Available 3,180 40.9% 22,057 38.9% 51,059 38.4%Households with 2 or More Vehicles Available 3,790 48.8% 30,869 54.5% 72,320 54.3%

Total Vehicles Available 12,381 96,724 226,234Average Vehicles Per Household 1.6 1.7 1.7



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Lat/Lon: 42.5078/-82.9346RF5


Labor Force (2016)Estimated Labor Population Age 16 Years or Over 14,688 109,431 257,486Estimated Civilian Employed 8,565 58.3% 65,185 59.6% 151,636 58.9%Estimated Civilian Unemployed 462 3.1% 3,130 2.9% 7,659 3.0%Estimated in Armed Forces 10 0.1% 68 0.1% 127 - Estimated Not in Labor Force 5,651 38.5% 41,048 37.5% 98,064 38.1%Unemployment Rate 3.1% 2.9% 3.0%

Occupation (2010)Occupation: Population Age 16 Years or Over 7,343 57,093 134,921Management, Business, Financial Operations 639 8.7% 6,075 10.6% 15,746 11.7%Professional, Related 1,063 14.5% 9,966 17.5% 24,877 18.4%Service 1,618 22.0% 11,421 20.0% 26,610 19.7%Sales, Office 1,913 26.0% 16,176 28.3% 37,184 27.6%Farming, Fishing, Forestry 11 0.2% 118 0.2% 285 0.2%Construct, Extraction, Maintenance 759 10.3% 4,578 8.0% 10,283 7.6%Production, Transport Material Moving 1,340 18.2% 8,759 15.3% 19,938 14.8%

White Collar Workers 3,615 49.2% 32,217 56.4% 77,806 57.7%Blue Collar Workers 3,729 50.8% 24,875 43.6% 57,115 42.3%

Consumer Expenditure (2016)Total Household Expenditure $332 M $2.82 B $6.64 B

Total Non-Retail Expenditure $178 M 53.7% $1.52 B 53.9% $3.58 B 54.0%Total Retail Expenditure $154 M 46.3% $1.30 B 46.1% $3.06 B 46.0%

Apparel $11.4 M 3.4% $97.3 M 3.5% $230 M 3.5%Contributions $12.5 M 3.8% $113 M 4.0% $269 M 4.0%Education $10.4 M 3.1% $93.6 M 3.3% $224 M 3.4%Entertainment $18.3 M 5.5% $157 M 5.6% $370 M 5.6%Food and Beverages $50.4 M 15.2% $421 M 14.9% $990 M 14.9%Furnishings and Equipment $10.8 M 3.3% $94.5 M 3.4% $223 M 3.4%Gifts $7.38 M 2.2% $65.5 M 2.3% $156 M 2.3%Health Care $28.4 M 8.5% $234 M 8.3% $551 M 8.3%Household Operations $8.56 M 2.6% $75.8 M 2.7% $180 M 2.7%Miscellaneous Expenses $5.08 M 1.5% $42.4 M 1.5% $99.8 M 1.5%Personal Care $4.33 M 1.3% $36.6 M 1.3% $86.4 M 1.3%Personal Insurance $2.20 M 0.7% $19.6 M 0.7% $46.5 M 0.7%Reading $730 K 0.2% $6.22 M 0.2% $14.7 M 0.2%Shelter $68.3 M 20.6% $580 M 20.6% $1.37 B 20.6%Tobacco $2.37 M 0.7% $18.8 M 0.7% $44.0 M 0.7%Transportation $64.4 M 19.4% $543 M 19.3% $1.28 B 19.2%Utilities $26.5 M 8.0% $218 M 7.8% $513 M 7.7%

Educational Attainment (2016)Adult Population Age 25 Years or Over 12,572 94,703 222,394Elementary (Grade Level 0 to 8) 525 4.2% 2,755 2.9% 7,481 3.4%Some High School (Grade Level 9 to 11) 1,371 10.9% 8,312 8.8% 19,446 8.7%High School Graduate 4,721 37.6% 33,719 35.6% 73,761 33.2%Some College 3,284 26.1% 24,962 26.4% 57,017 25.6%Associate Degree Only 1,372 10.9% 9,894 10.4% 22,938 10.3%Bachelor Degree Only 896 7.1% 10,284 10.9% 27,514 12.4%Graduate Degree 403 3.2% 4,777 5.0% 14,237 6.4%



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Lat/Lon: 42.5078/-82.9346RF5


Units In Structure (2010)1 Detached Unit 5,603 74.7% 43,553 78.8% 98,223 75.7%1 Attached Unit 532 7.1% 2,923 5.3% 8,724 6.7%2 to 4 Units 308 4.1% 1,769 3.2% 4,991 3.8%5 to 9 Units 461 6.1% 3,323 6.0% 7,429 5.7%10 to 19 Units 140 1.9% 1,350 2.4% 3,752 2.9%20 to 49 Units 94 1.2% 597 1.1% 1,528 1.2%50 or More Units 318 4.2% 1,206 2.2% 3,571 2.8%Mobile Home or Trailer 50 0.7% 545 1.0% 1,590 1.2%Other Structure - - 1 - 1 -

Homes Built By Year (2010)Homes Built 2005 or later 81 1.1% 821 1.5% 2,036 1.6%Homes Built 2000 to 2004 263 3.5% 1,909 3.5% 4,526 3.5%Homes Built 1990 to 1999 558 7.4% 3,956 7.2% 9,985 7.7%Homes Built 1980 to 1989 759 10.1% 3,879 7.0% 9,157 7.1%Homes Built 1970 to 1979 1,185 15.8% 7,922 14.3% 19,490 15.0%Homes Built 1960 to 1969 935 12.5% 10,821 19.6% 26,748 20.6%Homes Built 1950 to 1959 2,259 30.1% 17,337 31.4% 36,634 28.2%Homes Built Before 1949 1,464 19.5% 8,623 15.6% 21,232 16.4%

Home Values (2010)Home Values $1,000,000 or More 9 0.2% 145 0.3% 307 0.3%Home Values $500,000 to $999,999 43 0.8% 441 1.0% 1,051 1.1%Home Values $400,000 to $499,999 30 0.6% 362 0.9% 885 0.9%Home Values $300,000 to $399,999 86 1.6% 923 2.2% 2,613 2.7%Home Values $200,000 to $299,999 277 5.3% 3,230 7.6% 9,017 9.2%Home Values $150,000 to $199,999 604 11.6% 7,873 18.6% 19,047 19.5%Home Values $100,000 to $149,999 1,627 31.1% 13,267 31.3% 27,584 28.3%Home Values $70,000 to $99,999 1,264 24.2% 7,624 18.0% 17,282 17.7%Home Values $50,000 to $69,999 631 12.1% 3,995 9.4% 8,635 8.9%Home Values $25,000 to $49,999 481 9.2% 2,870 6.8% 6,823 7.0%Home Values Under $25,000 171 3.3% 1,657 3.9% 4,309 4.4%Owner-Occupied Median Home Value $101,959 $119,596 $122,928Renter-Occupied Median Rent $658 $642 $652

Transportation To Work (2010)Drive to Work Alone 6,078 84.6% 48,551 86.9% 113,718 86.0%Drive to Work in Carpool 765 10.6% 4,437 7.9% 11,019 8.3%Travel to Work by Public Transportation 61 0.8% 514 0.9% 1,510 1.1%Drive to Work on Motorcycle 2 - 26 - 89 0.1%Walk or Bicycle to Work 90 1.3% 692 1.2% 1,726 1.3%Other Means 33 0.5% 312 0.6% 749 0.6%Work at Home 153 2.1% 1,312 2.3% 3,361 2.5%

Travel Time (2010)Travel to Work in 14 Minutes or Less 2,114 30.1% 14,056 25.8% 30,943 24.0%Travel to Work in 15 to 29 Minutes 2,804 39.9% 21,457 39.3% 50,830 39.5%Travel to Work in 30 to 59 Minutes 1,871 26.6% 16,248 29.8% 40,247 31.2%Travel to Work in 60 Minutes or More 241 3.4% 2,772 5.1% 6,792 5.3%Average Minutes Travel to Work 20.3 22.2 22.8

Business For Sale · 2017. 1. 5. · Estimated Average Household Net Worth (2016) $217,785 $313,435...

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Transcript of Business For Sale · 2017. 1. 5. · Estimated Average Household Net Worth (2016) $217,785 $313,435...