Profitable Middle Eastern Grill w/low Rent --->$750k Annual Sales

Commerce, MI (Oakland County)

Seller Financing Available
Profitable Middle Eastern Grill w/low Rent --->$750k Annual Sales
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Asking Price: $225,000

Cash Flow: $150,000

Gross Revenue: $750,000

EBITDA: N/A

FF&E: N/A

Inventory: $13,000*

Rent: $3,000 /Month

Established: 2015

*not included in asking price.

Profitable Middle Eastern Grill w/low Rent --->$750k Annual Sales

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Business Description

Profitable Middle Eastern Grill__Avg. Gross Sales: >$60,000 per month

This is a very popular AND profitable middle eastern restaurant that has a very loyal customer following. The restaurant is completely turn key but certainly ready to be taken to the next level as the current owners are busy with other commitments. This restauraunt is consistently averaging OVER $60,000 per month in sales! Profit margins vary but usually a minimum of 20% of the gross sales.
This is not a fire-sale. All reasonable offers will be considered.

This is truly a great opportunity to own a beautiful Middle Eastern restaurant in a booming location and busy shopping plaza. This restaurant is set up for both dine-in or carry-out. Food is always fresh and this restaurant truly is the best middle eastern restaurant in the local area. Owners will stay on and train new owner for two weeks. This is a great concept for Middle Eastern food and is a must see! Current owners do absolutely no advertising….some creative advertising/marketing and you have HUGE potential! This is a completely turn-key operation that will not disappoint!
Lease rate is locked in at $3,000 per month for 5 years!

Detailed Information

Location:
Commerce, MI
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
8/1/2024
Employees:
10
Competition:
Current owners do not have a website or do any social media advertising at all...some creative advertising/marketing and you have HUGE potential! This is a completely turn-key operation that will not disappoint! Very little competition and a very popular restaurant located next to a very profitable and popular Coney Island.
Financing:
$150,000 down - $75,000 financed over 36 months at 8%
Support & Training:
Owners will stay on and train new owner for two weeks.
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Business Listed By:
Joseph Abro

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