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PRICE REDUCED Greek/Mediterranean Coney Island*MOTIVATED SELLER*

Sterling Heights, MI (Macomb County)

PRICE REDUCED Greek/Mediterranean Coney Island*MOTIVATED SELLER*
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Asking Price: $125,000

Cash Flow: N/A

Gross Revenue: $540,000

EBITDA: N/A

FF&E: N/A

Inventory: $3,000*

Rent: $4,250 /Month

Established: 1998

*not included in asking price.

PRICE REDUCED Greek/Mediterranean Coney Island*MOTIVATED SELLER*

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Business Description

Profitable main street business with growth potential!

This is a successful well-established Greek/Mediterranean Coney Island style restaurant that is in a busy Kroger's shopping center in the heart of Macomb County, Michigan area. It is run by the owner plus 3 full-time and 4 part-time employees. It was established in 1998 and the current owner has owned it since 2007.
The restaurant seats 82 people and is 2500 square feet. There is more than ample parking for the restaurant. According to Seller, sales are approximately $480,000 for 2018. An aggressive owner-operator could easily improve this already well performing Greek/Mediterranean Coney Island restaurant.
This is a TURN-KEY restaurant that shows like new with a GREAT CASH FLOW.
THIS IS A MUST SEE!!!!!!! BRING ALL OFFERS!!!

Detailed Information

Location:
Sterling Heights, MI
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
3/30/2023
Employees:
7
Financing:
$75k down/6% over 60 months
Support & Training:
Owner will stay for two weeks to ensure a smooth transition.
Reason for Selling:
Other Interest
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Joseph Barbera

Business Listed By:
Joseph Barbera

Locations Commercial Real Estate Services

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