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Restaurant In Downtown Venue

Pontiac, MI (Oakland County)

Seller Financing Available
Restaurant In Downtown Venue
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Asking Price: Get Financing: $75,000

Cash Flow: N/A

Gross Revenue: $180,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $17.60 /SF/Year

Established: 1982

Restaurant In Downtown Venue

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Business Description

This is a great opportunity to own a well-known and long established family owned restaurant in a downtown setting with city plans for a huge residential/commercial renovation above this space. This restaurant has been around since 1982 and has a fully equipped kitchen with plenty of room for prep space to handle any volume. This restaurant has seating for 65 and is in a 2,500 square/ feet space with a great lease. Currently they are only open for breakfast and lunch and close at 4PM. The restaurant is well known for their repeat customers and neighborhood loyalty. A new owner could keep the breakfast/lunch concept and add BBQ and/or Mexican for a dinner menu and expand the hours to accommodate all of the growth in night life in the downtown area. The current owner does no advertising or marketing. Owner will stay on and train new owner for two weeks. For more information contact Merrick Blumenthal at 248-891-9649 or visit www.merrickbusinessbroker.com

Detailed Information

Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
N/A
Employees:
2 Full, 4 Part
Facilities:
Located in a downtown area on a main street with plenty of foot traffic
Competition:
This restaurant could be converted to a Mexican and/or BBQ or soul food concept and kill it in this venue.
Growth & Expansion:
Huge potential due to the current renovation of the downtown area with lofts/retail and corporate move-ins.
Financing:
Yes with $40,000 Down
Support & Training:
Two weeks provided by the seller to insure a smooth transition.
Reason for Selling:
Other Business Interests
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Contact the Seller

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Merrick Blumenthal

Business Listed By:
Merrick Blumenthal

Capital 1 Business Brokers.

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