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Michigan Business For Sale |
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| MEDITERRANEAN RESTAURANT & CATERER |
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| Attn: Roger Silvi |
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| Oakland County, MI, USA |
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| Asking Price: |
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$249,000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Restaurants, Fast Food, Deli |
| Reason for Selling: |
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Owner moving out of country |
| Year Established: |
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2004 |
| # of Employees: |
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7 |
| Yearly Revenues: |
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$552,958 |
| Yearly Cash Flow: |
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$92,116 |
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Business for Sale Overview:
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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.
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Additional Details:
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- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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