**PENDING**PRICE REDUCED Greek/Mediterranean Coney Island

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Asking Price:
$125,000

Gross Revenue:
$540,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$3,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

This is a successful well-established Greek/Mediterranean Coney Island style restaurant that is in a busy Kroger's shopping center in the heart of Macomb County, Michigan area. It is run by the owner plus 3 full-time and 4 part-time employees. It was established in 1998 and the current owner has owned it since 2007.
The restaurant seats 82 people and is 2500 square feet. There is more than ample parking for the restaurant. According to Seller, sales are approximately $480,000 for 2018. An aggressive owner-operator could easily improve this already well performing Greek/Mediterranean Coney Island restaurant.
This is a TURN-KEY restaurant that shows like new with a GREAT CASH FLOW.
THIS IS A MUST SEE!!!!!!! BRING ALL OFFERS!!!

About the Business

Location:
Sterling Heights, Michigan
Year Established:
1998
Number of Employees:
7
Real Estate:
Leased
Building Sq. Ft.:
2,500
Rent:
$4,250.00 Per Month
Lease Expiration:
3/30/2023
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About the Sale

Reason For Selling:
Other Interest
Training/Support:
Owner will stay for two weeks to ensure a smooth transition.
Seller Financing:
$75k down/6% over 60 months

Listing Info

ID:
1610629
Ad Detail Views:
0

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Business Listed by

Joseph Barbera

Locations Commercial Real Estate Services

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U.S. Census Data for Macomb County, MI
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Macomb County, MI
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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