Franchise Coney Island

Reference Code 0484

This is a great opportunity to own a beautiful Franchise Coney Island Restaurant in Wayne County. Established in 2015, this 135-seat restaurant is located on a highly traveled road with plenty of residential and commercial properties in the surrounding areas. Recently, this well-known 4,200 sq ft restaurant went thru a remodel that shows beautifully with all equipment in “like-new” condition and maintained regularly. 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, beer/wine license, 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! Currently absentee run! 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 train and entertain all reasonable offers!
*Monthly Royalty & Advertising fees $5,000

Business Location Suburban Wayne County, MI

Gross Sales $1,000,000 (2023 Projections) Cash Flow $100,000 (2023 Projections) Business Price $299,000 Down Payment $120,000 Monthly Payment $2,171.76 Interest Rate / Amortization 8% int., amortized over 120 months, balloon due in 36 months License Required Sales, Food, Franchise Inventory Value $20,000 Employees Full Time 20 Date Established 2015 Hours of Operation Mon-Sat 7am-9pm / Sun 7am-3pm Rent $5,861 NNN Lease Period 2041 Reason for Sale Owns Other Restaurants