Pizza Restaurant Oakland County, 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. Summary: • Profitable pizzeria – great opportunity with established franchise • Established in 1984 • Furniture, Fixtures & Equipment included • Sales: $875,000/year • Asking: $465,000 Locations Commercial Real Estate Services 32000 Northwestern Highway, Ste. 275 Farmington Hills, MI 48334 Office: (248) 516-7777 Contacts: Nadir Jiddou Direct: 248-939-9975 Email: [email protected]
Transcript
Pizza Restaurant Oakland County, 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.
EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups
Lat/Lon: 42.4605/-83.1636RF5
5 mi radius
PopulationEstimated Population (2016) 388,236Projected Population (2021) 397,608Census Population (2010) 401,034Census Population (2000) 469,047Projected Annual Growth (2016 to 2021) 9,372 0.5%
Historical Annual Growth (2010 to 2016) -12,798 -0.5%
Historical Annual Growth (2000 to 2010) -68,013 -1.5%
Estimated Population Density (2016) 4,945 psm
Trade Area Size 78.51 sq mi
HouseholdsEstimated Households (2016) 166,591Projected Households (2021) 175,317Census Households (2010) 166,174Census Households (2000) 184,352Estimated Households with Children (2016) 45,436 27.3%
Estimated Average Household Size (2016) 2.31
Average Household IncomeEstimated Average Household Income (2016) $61,759Projected Average Household Income (2021) $71,170
Estimated Average Family Income (2016) $72,690
Median Household IncomeEstimated Median Household Income (2016) $51,156Projected Median Household Income (2021) $56,293
Estimated Median Family Income (2016) $64,190
Per Capita IncomeEstimated Per Capita Income (2016) $26,588Projected Per Capita Income (2021) $31,466Estimated Per Capita Income 5 Year Growth $4,878 18.3%
Estimated Average Household Net Worth (2016) $381,445
EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups
Lat/Lon: 42.4605/-83.1636RF5
5 mi radius
Race & EthnicityWhite (2016) 168,882 43.5%Black or African American (2016) 198,770 51.2%American Indian or Alaska Native (2016) 1,096 0.3%Asian (2016) 7,910 2.0%Hawaiian or Pacific Islander (2016) 94 - Other Race (2016) 1,602 0.4%Two or More Races (2016) 9,883 2.5%
Not Hispanic or Latino Population (2016) 380,266 97.9%Hispanic or Latino Population (2016) 7,970 2.1%Not Hispanic or Latino Population (2021) 387,072 97.4%Hispanic or Latino Population (2021) 10,536 2.6%Not Hispanic or Latino Population (2010) 395,054 98.5%Hispanic or Latino Population (2010) 5,980 1.5%Not Hispanic or Latino Population (2000) 464,031 98.9%Hispanic or Latino Population (2000) 5,015 1.1%Projected Hispanic Annual Growth (2016 to 2021) 2,565 6.4%Historic Hispanic Annual Growth (2000 to 2016) 2,955 3.7%
Age Distribution (2016)Age Under 5 22,848 5.9%Age 5 to 9 Years 20,637 5.3%Age 10 to 14 Years 21,104 5.4%Age 15 to 19 Years 23,362 6.0%Age 20 to 24 Years 26,951 6.9%Age 25 to 29 Years 29,658 7.6%Age 30 to 34 Years 27,450 7.1%Age 35 to 39 Years 23,181 6.0%Age 40 to 44 Years 23,555 6.1%Age 45 to 49 Years 24,008 6.2%Age 50 to 54 Years 26,066 6.7%Age 55 to 59 Years 28,011 7.2%Age 60 to 64 Years 25,407 6.5%Age 65 to 74 Years 37,344 9.6%Age 75 to 84 Years 18,881 4.9%Age 85 Years or Over 9,771 2.5%Median Age 39.1
Gender Age Distribution (2016)Female Population 206,205 53.1%
Age 0 to 19 Years 43,318 21.0%Age 20 to 64 Years 123,071 59.7%Age 65 Years or Over 39,815 19.3%
Female Median Age 41.2
Male Population 182,031 46.9%Age 0 to 19 Years 44,634 24.5%Age 20 to 64 Years 111,215 61.1%Age 65 Years or Over 26,182 14.4%
EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups
Lat/Lon: 42.4605/-83.1636RF5
5 mi radius
Household Income Distribution (2016)HH Income $200,000 or More 5,576 3.3%HH Income $150,000 to $199,999 6,696 4.0%HH Income $100,000 to $149,999 19,115 11.5%HH Income $75,000 to $99,999 18,854 11.3%HH Income $50,000 to $74,999 28,476 17.1%HH Income $35,000 to $49,999 22,197 13.3%HH Income $25,000 to $34,999 17,847 10.7%HH Income $15,000 to $24,999 20,929 12.6%HH Income Under $15,000 26,901 16.1%
HH Income $35,000 or More 100,913 60.6%HH Income $75,000 or More 50,241 30.2%
Housing (2016)Total Housing Units 184,826Housing Units Occupied 166,591 90.1%
Housing Units Owner-Occupied 107,708 64.7%Housing Units, Renter-Occupied 58,882 35.3%
Housing Units, Vacant 18,235 9.9%
Marital Status (2016)Never Married 128,969 39.8%Currently Married 112,897 34.9%Separated 14,253 4.4%Widowed 23,840 7.4%Divorced 43,688 13.5%
Household Type (2016)Population Family 300,462 77.4%Population Non-Family 83,609 21.5%Population Group Quarters 4,165 1.1%
Family Households 96,287 57.8%Non-Family Households 70,304 42.2%Married Couple with Children 20,235 17.9%Average Family Household Size 3.1
Household Size (2016)1 Person Households 59,460 35.7%2 Person Households 50,579 30.4%3 Person Households 25,109 15.1%4 Person Households 17,266 10.4%5 Person Households 8,082 4.9%6 or More Person Households 6,095 3.7%
Household Vehicles (2016)Households with 0 Vehicles Available 20,132 12.1%Households with 1 Vehicles Available 71,274 42.8%Households with 2 or More Vehicles Available 75,184 45.1%
Total Vehicles Available 248,316Average Vehicles Per Household 1.5
EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups
Lat/Lon: 42.4605/-83.1636RF5
5 mi radius
Labor Force (2016)Estimated Labor Population Age 16 Years or Over 319,282Estimated Civilian Employed 182,417 57.1%Estimated Civilian Unemployed 9,954 3.1%Estimated in Armed Forces 180 0.1%Estimated Not in Labor Force 126,731 39.7%Unemployment Rate 3.1%
Occupation (2010)Occupation: Population Age 16 Years or Over 162,514Management, Business, Financial Operations 22,580 13.9%Professional, Related 37,941 23.3%Service 32,268 19.9%Sales, Office 42,051 25.9%Farming, Fishing, Forestry 244 0.2%Construct, Extraction, Maintenance 8,643 5.3%Production, Transport Material Moving 18,789 11.6%
White Collar Workers 102,571 63.1%Blue Collar Workers 59,943 36.9%
Consumer Expenditure (2016)Total Household Expenditure $8.33 B
Total Non-Retail Expenditure $4.50 B 54.0%Total Retail Expenditure $3.83 B 46.0%
Apparel $289 M 3.5%Contributions $350 M 4.2%Education $299 M 3.6%Entertainment $463 M 5.6%Food and Beverages $1.23 B 14.8%Furnishings and Equipment $281 M 3.4%Gifts $201 M 2.4%Health Care $681 M 8.2%Household Operations $231 M 2.8%Miscellaneous Expenses $124 M 1.5%Personal Care $108 M 1.3%Personal Insurance $59.8 M 0.7%Reading $18.5 M 0.2%Shelter $1.72 B 20.7%Tobacco $53.4 M 0.6%Transportation $1.57 B 18.9%Utilities $638 M 7.7%
Educational Attainment (2016)Adult Population Age 25 Years or Over 273,333Elementary (Grade Level 0 to 8) 8,005 2.9%Some High School (Grade Level 9 to 11) 22,058 8.1%High School Graduate 73,015 26.7%Some College 67,182 24.6%Associate Degree Only 21,432 7.8%Bachelor Degree Only 47,802 17.5%Graduate Degree 33,840 12.4%
EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups
Lat/Lon: 42.4605/-83.1636RF5
5 mi radius
Units In Structure (2010)1 Detached Unit 125,583 75.6%1 Attached Unit 7,209 4.3%2 to 4 Units 9,772 5.9%5 to 9 Units 5,905 3.6%10 to 19 Units 4,240 2.6%20 to 49 Units 3,972 2.4%50 or More Units 7,490 4.5%Mobile Home or Trailer 1,977 1.2%Other Structure 26 -
Homes Built By Year (2010)Homes Built 2005 or later 2,825 1.7%Homes Built 2000 to 2004 4,797 2.9%Homes Built 1990 to 1999 8,950 5.4%Homes Built 1980 to 1989 8,493 5.1%Homes Built 1970 to 1979 16,184 9.7%Homes Built 1960 to 1969 21,368 12.9%Homes Built 1950 to 1959 43,640 26.3%Homes Built Before 1949 59,862 36.0%
Home Values (2010)Home Values $1,000,000 or More 406 0.4%Home Values $500,000 to $999,999 1,275 1.2%Home Values $400,000 to $499,999 1,142 1.1%Home Values $300,000 to $399,999 3,514 3.2%Home Values $200,000 to $299,999 12,216 11.3%Home Values $150,000 to $199,999 18,545 17.1%Home Values $100,000 to $149,999 24,934 23.0%Home Values $70,000 to $99,999 20,225 18.7%Home Values $50,000 to $69,999 10,569 9.8%Home Values $25,000 to $49,999 9,541 8.8%Home Values Under $25,000 6,001 5.5%Owner-Occupied Median Home Value $122,752Renter-Occupied Median Rent $664
Transportation To Work (2010)Drive to Work Alone 131,296 82.9%Drive to Work in Carpool 12,588 7.9%Travel to Work by Public Transportation 5,198 3.3%Drive to Work on Motorcycle 83 0.1%Walk or Bicycle to Work 3,148 2.0%Other Means 1,093 0.7%Work at Home 4,973 3.1%
Travel Time (2010)Travel to Work in 14 Minutes or Less 32,302 21.1%Travel to Work in 15 to 29 Minutes 71,215 46.4%Travel to Work in 30 to 59 Minutes 43,583 28.4%Travel to Work in 60 Minutes or More 6,305 4.1%Average Minutes Travel to Work 22.3
