Franchise Coney Island Restaurant

Not Disclosed, MI Washtenaw County

Asking Price: $599,000

Annual Revenue: $1,188,874

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Franchise Coney Island Restaurant
Contact: Armen Nazarian

Owner Financing is Available!

$599,000 with $250,000 down. 8% int., amortized over 180 months. Balloon due in 84 months

Quick Facts

	Asking Price:	$599,000
	Annual Revenue:	$1,188,874
	Net Profit:	Not Disclosed
	Cash Flow:	$233,189
	Total Debt:	Not Disclosed
	FF&E:	Not Disclosed
	Real Estate:	Not Disclosed
	Year Established:	2020
	Employees:	20
	BBN Listing #:	939118
	Broker Reference #:	596

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Business Overview:

This is a great opportunity to own a very successful, high volume Franchise Coney Island Restaurant in Washtenaw County. This 130-seat restaurant is located on a highly traveled road surrounded by plenty of residential and commercial properties. Complete remodel in 2020 with all new equipment including the dining room and kitchen ($1.2 million invested in new remodel alone). Full menu consists of breakfast, lunch, and dinner! Current owner does no advertising…a new owner/operator with some creative advertising/marketing along with adding catering/deliveries, beer/wine license, corporate accounts, opening 24 hours and hosting parties, you have HUGE potential to the already high gross sales and cashflow. Currently absentee run! Great location with major anchors in the immediate area and unlimited growth opportunities! Perfect for a husband/wife team. A must see/must have business that will not disappoint! Turn-key operation only needing a new owner/operator! Seller will train and entertain all reasonable offers! Call Armen Nazarian Business Brokers
*Monthly Royalty & Advertising fees $5,000

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Property Features and Assets:

This 130-seat restaurant is located on a highly traveled road surrounded by plenty of residential and commercial properties. Complete remodel in 2020 with all new equipment including the dining room and kitchen ($1.2 million invested in new remodel alone). Full menu consists of breakfast, lunch, and dinner!

Market Competition and Expansion:

Current owner does no advertising…a new owner/operator with some creative advertising/marketing along with adding catering/deliveries, beer/wine license, corporate accounts, opening 24 hours and hosting parties, you have HUGE potential to the already high gross sales and cashflow. Currently absentee run! Great location with major anchors in the immediate area and unlimited growth opportunities!

Reason for Selling:

Owns Other Restaurants

Additional Details:

The property is Leased.
The owner is willing to train/assist the new owner.
This is not homebased business opportunity.
This is a franchise resale opportunity

Relevant Links:

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