Coney Island Restaurant

Not Disclosed, MI Wayne County

Asking Price: $135,000

Annual Revenue: $275,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Coney Island Restaurant
Contact: Armen Nazarian

Owner Financing is Available!

$135,000 with $50,000 down. 8% interest, amortized over 84 months.

Quick Facts

	Asking Price:	$135,000
	Annual Revenue:	$275,000
	Net Profit:	Not Disclosed
	Cash Flow:	Not Disclosed
	Total Debt:	Not Disclosed
	FF&E:	Not Disclosed
	Real Estate:	Not Disclosed
	Year Established:	1980
	Employees:	3
	BBN Listing #:	938688
	Broker Reference #:	593

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Business Overview:

This is a great opportunity to own a newly remodeled, free standing Coney Island Restaurant in the Downriver Area. Established in 1980, this 55-seater restaurant is located on a highly traveled road with plenty of residential and commercial properties in the surrounding areas. All equipment is in excellent condition and maintained regularly. Restaurant serves breakfast, lunch and dinner! Great menu! Current owner runs the business absentee, short hours and does no advertising…a new owner/operator with some creative advertising/marketing along with extending the hours, adding daily specials, catering/deliveries, beer/wine license, outdoor patio, corporate accounts and a website, you have HUGE potential. Great location with plenty of growth opportunities! Restaurant can be bought w/wo Property which includes (2) buildings totaling 3 units in all! Expand the restaurant into the next-door unit or lease out the other (2) units for passive income opportunity! Perfect for a husband/wife team or a starter restaurant. A must see/must have business that will not disappoint! Seller will entertain all reasonable offers and offering Land Contract! Contact Armen Nazarian Business Brokers

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Property Features and Assets:

All equipment is in excellent condition and maintained regularly. Restaurant serves breakfast, lunch and dinner! Great menu!

Market Competition and Expansion:

Current owner runs the business absentee, short hours and does no advertising…a new owner/operator with some creative advertising/marketing along with extending the hours, adding daily specials, catering/deliveries, beer/wine license, outdoor patio, corporate accounts and a website, you have HUGE potential. Great location with plenty of growth opportunities! Restaurant can be bought with or without Property which includes (2) buildings totaling 3 units in all! Expand the restaurant into the next-door unit or lease out the other (2) units.

Reason for Selling:

Retire

Additional Details:

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

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