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Family Restaurant With Or Without Property
Not Disclosed, MI
OAKLAND County
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| Asking Price: | Annual Revenue: |
| $249,000 | $800,000 |
Food & Beverage: Restaurants, Fast Food, Deli
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RE: Family Restaurant With Or Without Property
Contact: Armen Nazarian
Owner Financing is Available!
$249,000 with $125,000 down, 8% interest, amortized over 60 months.
Quick Facts
| Asking Price: | $249,000 | |
| Annual Revenue: | $800,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1940 | |
| Employees: | 10 | |
| BBN Listing #: | 969152001 | |
| Broker Reference #: | 0422 |
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Business Overview:
This is a great opportunity to own a beautiful, recently remodeled Family Style Restaurant in Oakland County. Established in the 1940’s, this free standing, 5,000 square feet 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 serviced/maintained regularly. Full menu consists of breakfast, lunch and dinner. Established separate party room for all occasions. This business is being run semi-absentee due to owner’s busy career! Current owner does no advertising…a new owner/operator with some creative advertising/marketing along with adding catering/deliveries, live entertainment, beer/wine license along with hosting parties and events, you have HUGE potential. Pre-Covid sales used to be around $1.3 million! New Buyer can lease or buy the property! Seller will train and entertain all reasonable offers and terms!! A must see/must have business that will not last long!
Call Armen Nazarian.
*Property for lease or sale!
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Property Features and Assets:
This is a great opportunity to own a beautiful, recently remodeled Family Style Restaurant in Oakland County. Established in the 1940’s, this free standing, 5,000 square feet 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 serviced/maintained regularly.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Michigan businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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