Coney Island - Price Reduced!!

Not Disclosed, MI
Wayne County

Asking Price: Annual Revenue:
$225,000 $646,370

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Coney Island - Price Reduced!! Broker: Capital Business Brokerage
Owner Financing is Available!
Seller financing available with $95,000 down.

Quick Facts

Asking Price: $225,000
Annual Revenue: $646,370
Net Profit: Not Disclosed
Cash Flow: $140,673
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1985
Employees: 15
BBN Listing #: 79142679
Broker Reference #: B2471

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Business Overview:

This is a very well established coney island style restaurant that is located in a busy shopping center in the Plymouth-Canton, Michigan area. It is run by the owner plus 4 full-time and 10-11 part-time employees. It was established in 1985 and the current owner has owned it since 2001.
The restaurant seats 98 people and is 2100 square feet. There is more than ample parking for the restaurant. According to Seller, sales were $646,370 for 2018. An aggressive owner-operator could easily improve this already well performing coney island restaurant.

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Reason for Selling:

Other interests.

Additional Details:

  • The property is leased.
  • The owner is 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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