Mexican Restaurant & Bar

Reference Code 0558

This is a great opportunity to own an established, beautiful, Mexican Restaurant & Bar in Oakland County! 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. Bar area shows beautifully with an area for live entertainment, 36 TVs, 2 big Projectors, and outdoor patio! Owner does not advertise… a new owner/operator with some creative advertising/marketing along with opening Monday, extending the hours of operations, adding catering and deliveries, live music/bands on weekends, drink/happy hour specials, dinner/lunch specials, and playing all big sports games, you have HUGE potential to the already solid gross sales. A must see/must have business that will not disappoint! Can be easily converted to another food concept. Turn-key operation only needing a new owner/operator. Seller will entertain all reasonable offers and train new owner!
*Name must change 30 days after closing.

Business Location Oakland County, MI

Gross Sales $1,081,520 Cash Flow TBD Business Price $399,000 Down Payment $200,000 Monthly Payment $3,101.66 Interest Rate / Amortization 8% int., amortized over 84 months License Required Sales, Food, Class C Resort Inventory Value $10,000 Employees Full Time 7 Employees Part Time 4 Date Established 2018 Hours of Operation Tue-Sun / 11am-9pm Rent $9,600 Gross Lease Period New Lease Required Reason for Sale Owns other Restaurants