Excellent Family Restaurant Opportunity-Great Terms!!!-SOLD
Location: Michigan > Oakland County
Industry: Food and Beverage > Restaurants
Financials
Asking Price: $300,000
Gross Revenue: $540,000
Cash Flow: $90,000
Inventory: $4,000 (Not Included in Asking Price)
FF&E: $100,000 (Included in Asking Price)
Seller Financing: With $100,000 down seller will finance for a qualified experienced operator for 3-5 years @9% interest. Requires additional real estate collateral
Business Summary
This almost 100% help run family restaurant offers greek,continental, and, and italian dishes. Some have referred to it as a "coney type" due to fast delivery and pricing.Long term lease runs about $4,300 a month including triple net and c.a.m. charges.
About the Business
Year Established: 1997
Employees: 7 full time - 5 part time
Facilities: This 2000 square foot family restaurant seats 90 which includes 5 at the counter. Restaurant is well located in a well occupied center anchored by a successful independent supermarket. Shows well.
Market Outlook and Competition: There is no immediate competition for this family concept and continental "coney type" food dishes Hours are 7-9 Monday to Saturday, and 8-4 on Sunday. After 10+ years in the same location the outlook is GREAT! Could increase existing successful catering business !
About the Sale
Management Training and Support: Seller or sellers agent will stay for 2 weeks to acquaint buyer with business and customers
Reason For Selling: Moving out of state
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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