Franchise Coney Island

Reference Code 0563

This is a great opportunity to own a very successful, high volume Franchise Coney Island Restaurant in Washtenaw County. This 130-seat restaurant is located on a highly traveled road surrounded by plenty of residential and commercial properties. Complete remodel in 2020 with all new equipment including the dining room and kitchen ($1.2 million invested in new remodel alone). 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 to the already high gross sales and cashflow. Currently absentee run! Great location with major anchors in the immediate area and unlimited growth opportunities! Perfect for a husband/wife team. 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 Washtenaw County, MI

Gross Sales $1,800,000 (2023 Projections) Cash Flow $150,000 (2023 Projections) Business Price $599,000 Down Payment $250,000 Monthly Payment $3,335.23 Interest Rate / Amortization 8% int., amortized over 180 months, balloon due in 84 months License Required Sales, Food, Franchise Inventory Value $20,000 Employees Full Time 20 Date Established 2020 Hours of Operation Mon-Sat 7am-9pm / Sun 7am-3pm Rent $13,142 Gross Lease Period 2036 Reason for Sale Owns other Restaurants