WELL ESTABLISHED ROYAL OAK RESTAURANT

Royal Oak, MI (Oakland County)

WELL ESTABLISHED ROYAL OAK RESTAURANT
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Asking Price: $487,000

Cash Flow: N/A

Gross Revenue: $850,000

EBITDA: N/A

FF&E: $250,000

Inventory: N/A

Rent: $2,450 /Month

Established: 2011

WELL ESTABLISHED ROYAL OAK RESTAURANT

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Business Description

CONFIDENTIAL SALE. PLEASE CONTACT LISTING BROKER FOR FURTHER INFORMATION. This is a Well Established restaurant in downtown Royal Oak. It is just steps away from two parking structures in case the street parking in front of the restaurant is already taken. The outdoor patio greets you as you arrive with 24 seats surrounded by flowers and a view of the streetscape. Recently redecorated, the dining room shows new wood floors and tables and chairs. The dining room décor is perfect for transporting the customers back to a time when great service was the basis for an excellent meal. Quite a few seats are comfortably fit into the dining room. The restaurant has a small bar for those customers who enjoy talking to the bartender while picking out a great bottle of wine. The smell of the food cooking in the kitchen sells the product even without a menu. There is a very efficient kitchen located in the back with plenty of line to service the restaurant. A full basement allows for plenty of dry storage and catering supplies that are required for the volume of catering business done by the store. The customers come from all over the metro area and frequent this establishment. Come take a look. You won’t be disappointed.

Detailed Information

Location:
Royal Oak, MI
Real Estate:
Leased
Building SF:
2,513
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
Well established restaurant with loyal customer base. Little room for new competition in the area as almost all spaces are taken.
Support & Training:
Transition support will be available
Reason for Selling:
Opening a new business
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Michael Scheid

Business Listed By:
Michael Scheid

THOMAS HOSPITALITY GROUP

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