This is a great opportunity to own a beautiful, high volume, Family Style Restaurant in Clinton Twp. Established in 2001, this 3,750 sq. ft. restaurant is located on a highly traveled road with plenty of residential and commercial properties in the surrounding areas. All equipment is in excellent condition and serviced/maintained regularly. Full menu consists of breakfast, lunch and dinner. This business is being run absentee! Current owner does no advertising…a new owner/operator with some creative advertising/marketing along with adding catering/deliveries, live entertainment, beer/wine license along with hosting parties and events, you have HUGE potential to the already high gross sales. Seller will train and entertain all reasonable offers!! A must see/must have business that will not last long! Call Armen Nazarian.
About the Business
Clinton Township, Michigan
Number of Employees:
Building Sq. Ft.:
$4,000.00 Per Month
This is a great opportunity to own a beautiful, high volume, Family Style Restaurant in Clinton Twp. Established in 2001, this 3,750 sq. ft. restaurant is located on a highly traveled road with plenty of residential and commercial properties in the surrounding areas.
$350,000 with $50,000 down, 7% int., amortized over 180 months
Ad Detail Views:
Asking Price: $350,000 Gross Revenue: $936,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $8,000 not included in asking priceFF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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