Coney Island Restaurant w/wo Property

Reference Code 0593

This is a great opportunity to own a nice, free standing Coney Island Restaurant in the Downriver Area. Established in 1980, this 55-seater 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 maintained regularly. Restaurant serves breakfast, lunch and dinner! Great menu! Current owner runs the business absentee, short hours and does no advertising…a new owner/operator with some creative advertising/marketing along with extending the hours, adding daily specials, catering/deliveries, beer/wine license, outdoor patio, corporate accounts and a website, you have HUGE potential. Great location with plenty of growth opportunities! Restaurant can be bought w/wo Property which includes (2) buildings totaling 3 units in all! Expand the restaurant into the next-door unit or lease out the other (2) units for passive income opportunity! Perfect for a husband/wife team or a starter restaurant. A must see/must have business that will not disappoint! Seller will entertain all reasonable offers and offering Land Contract!!

Business Location Downriver Area, MI
Gross Sales $275,000 Cash Flow TBD Business Price $99,000 Down Payment $50,000 Monthly Payment $993.54 Interest Rate / Amortization 8% int., amortized over 60 months License Required Sales, Food Inventory Value $5,000 Employees Full Time 3 Date Established 1980 Hours of Operation 7 days / 7am-3pm Rent $2,000 Gross Lease Period New Lease Required Real Estate Negotiable Reason for Sale Retirement


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