Franchise Steakhouse / Bar & Grill

Asking Price$449,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

Inventory$40,000
Not included in asking price
FF&ENot Disclosed

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Franchise Steakhouse / Bar & Grill


Asking Price$449,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

Inventory$40,000
Not included in asking price
FF&ENot Disclosed


Seller Financing Available
Business Description
HOT ROCK COOKING IS THE NEWEST PHENOMENON IN THE CULINARY WORLD!! This is a great opportunity to own an award-winning Franchise Steakhouse in Oakland County. Established in 2013, this Steakhouse is located on a prime highly traveled road near a major mall, and plenty of residential and commercial properties with national anchors in the surrounding areas. Specializing in steaks served and cooked to perfection by the customer, on a 755-degree volcanic sizzling rock just the way they like it making it a memorable dining experience. Loyal and established customer base enjoy the warm & inviting atmosphere with a sophisticated feel! Lively bar area with a wide selection of drinks! All equipment is in great working order and serviced regularly. Menu consist of Appetizers, Fresh Salads, Burgers, Handhelds, Entrees, Steaks, Desserts and more. This is a corporate run restaurant…a new owner/operator with some creative advertising/market along offering daily specials, drinks specials, customer appreciation and joining the Chamber of Commerce, you have HUGE potential. This restaurant has so much more growth potential for the right operator and does not disappoint! A must see/must have business priced aggressively to sell! Turn-key operation only needing a new owner/operator!
About the Business
Years in Operation
13
Employees
38 (15 Full-time, 23 Part-time)
Franchise
This business is an established franchise
Facilities & Assets
Established in 2013, this Steakhouse is located on a prime highly traveled road near a major mall, and plenty of residential and commercial properties with national anchors in the surrounding areas. Specializing in steaks served and cooked to perfection by the customer, on a 755-degree volcanic sizzling rock just the way they like it making it a memorable dining experience. Loyal and established customer base enjoy the warm & inviting atmosphere with a sophisticated feel! Lively bar area with a wide selection of drinks! All equipment is in great working order and serviced regularly. Menu consist of Appetizers, Fresh Salads, Burgers, Handhelds, Entrees, Steaks, Desserts and more.
Website
https://www.armennazarian.com/
Opportunities for Growth
This is a corporate run restaurant…a new owner/operator with some creative advertising/market along offering daily specials, drinks specials, customer appreciation and joining the Chamber of Commerce, you have HUGE potential. This restaurant has so much more growth potential for the right operator and does not disappoint!
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
6,240
Rent
$16,640.00 per month
About the Sale
Seller Motivation
Health
Transition Support
Seller will Train
Financing Options
$449,000 with $175,000 down. 8% int., amortized over 120 months
Listing Info
ID
2523986
Listing Views

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Business Listed by: Armen Nazarian Armen Nazarian Business Brokers

Listing ID: 2523986 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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