Family Restaurant w/wo Property

Reference Code 0422

This is a great opportunity to own a beautiful, recently remodeled Family Style Restaurant in Oakland County. Established in the 1940’s, this free standing, 5,000 sq. ft. 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 serviced/maintained regularly. Full menu consists of breakfast, lunch and dinner. Established separate party room for all occasions. This business is being run semi-absentee due to owner’s busy career! Current owner does no advertising…a new owner/operator with some creative advertising/marketing along with adding catering/deliveries, live entertainment, beer/wine license along with hosting parties and events, you have HUGE potential. Pre-Covid sales used to be around $1.3 million! New Buyer can lease or buy the property! Seller will train and entertain all reasonable offers and terms!! A must see/must have business that will not last long!
*Property for lease or sale!

Business Location Oakland County, MI

Gross Sales $800,000 Cash Flow TBD Business Price $249,000 Down Payment $125,000 Monthly Payment $2,532.52 Interest Rate / Amortization 8% int., amortized over 60 months License Required Sales, Food Inventory Value $5,000 Employees Full Time 10 Date Established 1940's Hours of Operation M-F 10am-8pm / Sat-Sun 9am-8pm Rent $4,000 NNN Lease Period New Lease Required Real Estate Negotiable Reason for Sale Retirement