Well Known Hometown Restaurant and Bar

Oakland County, MI

Well Known Hometown Restaurant and Bar
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Asking Price: $395,000

Cash Flow: $73,809

Gross Revenue: $1,066,831

EBITDA: N/A

FF&E: $125,000

Inventory: N/A

Rent: $0.00

Established: 1980

Well Known Hometown Restaurant and Bar

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Business Description

Local favorite in beautiful historic community with lots of foot traffic!

We are pleased to introduce a long established hometown restaurant & bar located in a beautiful part of Oakland County Michigan. Open since 1980, the business has been proudly providing exceptional service and is a hometown favorite located in a very up and coming downtown area. Well-known for their breakfast menu and open bar area with live entertainment and loyal following.
This restaurant café is immaculately clean and provides a cozy atmosphere for anyone to relax and enjoy a nice meal. Providing breakfast, lunch and dinner, cocktails and live entertainment, this is a great fit for every patron. Offering a family style café section that connects to a lounge as well as offering a small outdoor eating area. The owner has placed $20,000 in new equipment within the last year. Liquor license and all assets are included with the sale. Inventory, liquor and lottery are not included in the asking price.
This is a turn-key operation and is ideal for a family business or partnership with great work ethics and a passion for food. More information is available with signed Non-Disclosure. All buyers must show financial capability.

Detailed Information

Location:
Oakland County, MI
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Employees:
32
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Currently the business operates out of unique corner leased space with access from both streets connecting restaurant and bar lounge through the interior door. Restaurant occupies 3,000 sq ft space plus full basement including complete prep area with favorable lease terms until 2028. Located in a cozy downtown area that is exploding with retail and residential development.
Competition:
Although competition exists, the location is the key. The variety of services and atmosphere offered attract patrons with a local loyal following.
Growth & Expansion:
Plenty of opportunities for growth including catering and entertainment as well as hosting events.
Support & Training:
Seller will provide adequate training to insure smooth transition
Reason for Selling:
Retirement
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Tanya Popov

Business Listed By:
Tanya Popov

INIX Business Brokers

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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