Mediterranean Restaurant & Catering Company
Location: Michigan > Oakland County
Industry: Food and Beverage > Catering Services
Financials
Asking Price: $249,000
Gross Revenue: $552,958
Cash Flow: $92,116
Inventory: $8,000 (Included in Asking Price)
FF&E: $80,000 (Included in Asking Price)
Seller Financing: Financeable with $50,000 down
Business Summary
This business is a restaurant that serves Lebanese – American cuisine to dining room patrons and caters a wide variety of foods and cuisines to catering clients. The lunch catering menu includes basic American, Mexican, Greek, Middle-Eastern and Italian selections. Approximately two-thirds of their revenues are derived from their repeat catering business. The restaurant seats up to 95 diners. There is an active Class C Liquor License on-premise and available for sale, but it is not included in the sale price. At present, liquor constitutes a very small percentage of sales and is not needed to sustain income levels. Catered lunches are prepared daily and delivered to a wide variety of professional groups, clubs and organizations on a regular basis all over southeast Michigan. The kitchen is well-equipped, functional and lined entirely with stainless-steel. There is plenty of available refrigerator and freezer space. Revenues have been consistently strong. This opportunity is ideal for an owner-operator with some food service experience that is not looking to work nights as is commonly required of traditional bars and restaurants. Financing is available for qualified buyers with a minimum of $50,000 down.
About the Business
Year Established: 2004
Employees: 3 full time - 4 part time
About the Sale
Reason For Selling: Owner moving out of country

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Listing Tools
BizQuest ID:896094
Seller ID:15990417
Business Listed By
Name:Roger Silvi
Company:The Milford Network
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