Closed Restaurant with Property

Not Disclosed, MI
Wayne County

Asking Price: Annual Revenue:
$300,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Closed Restaurant with Property Broker: Gregory Edgecomb
Owner Financing is Available!
Owner financing available with $100,000 down.

Quick Facts

Asking Price: $300,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1986
Employees: Not Disclosed
BBN Listing #: 62712679
Broker Reference #: B2532

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Business Overview:

This was a highly successful Coney Island type restaurant located on Fenkel in Detroit, MI. Per seller, 2016 sales were approximately $550,000 and much more in the previous years. It was closed in 2017 due to a car accident and the resulting death of the owner. With hard work, the new owner could easily return this restaurant to good profitability. Equipment list in file.

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Reason for Selling:

Death in family.

Additional Details:

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

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