Pub & Restaurant W/ RE
Not Disclosed, MI Oakland County
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- RE: Pub & Restaurant W/ RE
- Contact: Armen Nazarian
Quick Facts
| Asking Price: | $5,500,000 | |
| Annual Revenue: | $1,166,629 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1972 | |
| Employees: | 24 | |
| BBN Listing #: | 992719 | |
| Broker Reference #: | 713 |
Business Overview:
This is a great opportunity to own a well-known, two-story Restaurant/Bar in Oakland County. Established in 1972, this 6,400 sq. ft. Restaurant/Bar is in a downtown district surrounded by plenty of residential and commercial properties in the surrounding areas. Every aspect of this establishment has been custom made and tastefully decorated. Fully equipped kitchen is in great condition and all the equipment is serviced and maintained regularly. Full menu consists of: Appetizers, Salads, Steaks, Seafood, Chicken, Sandwiches, Sides, Dessert and more. There is also an upstairs area with a full bar, stage for live entertainment or private parties! There are 2-3 private memorials held every week due to the local funeral homes in the area. Current owners do no advertising…A new owner/operator with some creative advertising/marketing along with adding Keno, extend the hours and menu, you have HUGE potential to the already solid figures. The building is only 23 years old and engineered to hold more stories for residential monthly revenue. The possibilities are endless for an owner/operator with a vision. A must see/must have business that will not last long! Restaurant shows beautifully and is long established! Owner will train! Call Armen Nazarian Business Brokers
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Property Features and Assets:
Every aspect of this establishment has been custom made and tastefully decorated. Fully equipped kitchen is in great condition and all the equipment is serviced and maintained regularly. Full menu consists of: Appetizers, Salads, Steaks, Seafood, Chicken, Sandwiches, Sides, Dessert and more. There is also an upstairs area with a full bar, stage for live entertainment or private parties! There are 2-3 private memorials held every week due to the local funeral homes in the area.
Market Competition and Expansion:
Current owners do no advertising…A new owner/operator with some creative advertising/marketing along with adding Keno, extend the hours and menu, you have HUGE potential to the already solid figures. The building is only 23 years old and engineered to hold more stories for residential monthly revenue. The possibilities are endless for an owner/operator with a vision.
Reason for Selling:
Health IssuesAdditional 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
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