A rare opportunity is now available to acquire Mr. Spots in Ann Arbor, Michigan campus. Located at 808 S.
State St., Mr. Spots has been an Ann Arbor staple since 1986 and is known for Philadelphia-style cheesesteaks, wings, hoagies, waffle fries, and decades of loyal student, alumni, local, and game-day traffic.
The brand has deep University of Michigan roots and a strong reputation among students, residents, visitors, athletes, and notable alumni. This is a turnkey operating restaurant with trained staff, experienced management already in place, strong brand recognition, favorable lease terms, and recent sales momentum. Ownership has invested in marketing over the past several months, resulting in an approximate 12% increase in gross sales.
The sale includes the Ann Arbor franchise/location rights with no ongoing franchise fees or royalties for the existing Ann Arbor location. The buyer will not receive exclusive trademark ownership, but will acquire the rights necessary to continue operating this established Mr. Spots location.
If a buyer later chooses to open additional locations, separate royalty obligations would apply to those new locations only.
- one of the most recognizable restaurant brands near the University of Michigan
- Asking price: $649,900
- Approx. $1 million in annual gross revenue based on recent historical
- Approx. 12% recent gross sales increase following expanded marketing efforts
- Established Ann Arbor restaurant brand operating since 1986
- Prime University of Michigan / State Street location
- Loyal student, alumni, resident, game-day, and local customer base
- Experienced staff and management structure already in place
- Favorable lease terms through 2033
- Landlord has indicated willingness to discuss an additional 5-year extension
- Rent is highly favorable for the Ann Arbor market
- Turnkey restaurant operation
- Seller transition training available from both owners
- No ongoing royalties for the existing Ann Arbor location
- Growth potential through catering, delivery, direct online ordering, student...