Italian Restaurant & Bar / Major Price Reduction!
Not Disclosed, MI Macomb County
Seller's Contact Information
- RE: Italian Restaurant & Bar / Major Price Reduction!
- Contact: Armen Nazarian
Quick Facts
| Asking Price: | $400,000 | |
| Annual Revenue: | $1,200,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $250,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2016 | |
| Employees: | 15 | |
| BBN Listing #: | 757652001 | |
| Broker Reference #: | 0416 |
Business Overview:
This is a great opportunity to own a well-established, beautiful, Italian Restaurant & Bar in Macomb County! Long established and well-known, this Restaurant & Bar is located on a highly traveled road surrounded by plenty of residential and commercial properties with endless growth possibilities. Recently remodeled, all kitchen equipment is in excellent condition and serviced regularly. Center built bar area shows beautifully dividing 2 separate dining room areas! Full menu with large selection of wines and spirits! Owner does not advertise… a new owner/operator with some creative advertising/marketing along with opening Monday and Tuesday along with extending the hours of operations, opening for lunches, adding catering, deliveries, live music/bands on weekends, drink specials/happy hour and private parties, you have HUGE potential to the already solid gross sales. Seller has another restaurant and cannot devote much time to continue operating both businesses. A must see/must have business that will not disappoint! Turn-key operation only needing a new owner/operator. Seller will entertain all reasonable offers and train new owner! Contact Armen Nazarian @ 248-231-7714 or visit www.armennazarian.com
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Property Features and Assets:
This is a great opportunity to own a well-established, beautiful, Italian Restaurant & Bar in Macomb County! Long established and well-known, this Restaurant & Bar is located on a highly traveled road surrounded by plenty of residential and commercial properties with endless growth possibilities. Recently remodeled, all kitchen equipment is in excellent condition and serviced regularly.
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 not a franchise resale opportunity
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