Coney Island Restaurant

Reference Code 0222

This is a great opportunity to own a beautiful Coney Island Restaurant in Oakland County. Established in the 2006, this 120-seat restaurant is located on a highly traveled road with plenty of residential and commercial properties in the surrounding areas. Recently, the restaurant went thru a complete remodel that shows beautifully with all equipment in “like-new” condition and maintained regularly ($180k invested in new equipment alone). Full menu consists of breakfast, lunch and dinner! Current owner does no advertising…a new owner/operator with some creative advertising/marketing along with adding catering/deliveries, corporate accounts, opening 24 hours and hosting parties, you have HUGE potential. Great location with major anchors in the immediate area and unlimited growth opportunities! Restaurant has been acknowledged and mentioned by food critics and placed in numerous newspapers articles. Perfect for a husband/wife team or a starter restaurant. 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!!

Business Location Oakland County, MI
Gross Sales $540,000 Cash Flow TBD Business Price $279.900 Down Payment $99,000 Monthly Payment $2,194.82 Interest Rate / Amortization 8% int., amortized over 120 months License Required Sales, Food Inventory Value $20,000 Employees Full Time 7 Employees Part Time 3 Date Established 2006 Hours of Operation M-Th 8am-12am / F-Sat 8am-2am / Sun 8am-10pm Rent $4,433.33 Gross Lease Period 2023 Reason for Sale Partnership Conflict


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