Coney Island Restaurant w/wo Property

Reference Code 0591

This is a great opportunity to own a nice, free standing Coney Island Restaurant in Suburban Wayne County. Established in 1992, this 53-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 semi-absentee and does no advertising…a new owner/operator with some creative advertising/marketing along with extending the hours, adding catering/deliveries, corporate accounts and a website, you have HUGE potential. Great location with plenty of growth opportunities! Restaurant can be bought w/wo Property! Perfect for a husband/wife team or a starter restaurant. A must see/must have business that will not disappoint! Nice Cashflow! Seller will entertain all reasonable offers!!

Business Location Suburban Wayne County, MI

Gross Sales $450,000 Cash Flow TBD Business Price $175,000 Down Payment $99,000 Monthly Payment $1,541.01 Interest Rate / Amortization 8% int., amortized over 60 months License Required Sales, Food Inventory Value $5,000 Employees Full Time 4 Date Established 1992 Hours of Operation Mon-Sat 7am-9pm / Sun 7am-3pm Rent $3,000 Gross Lease Period New Lease Required Real Estate Negotiable Reason for Sale Retirement