Restaurant for Sale with Banquet Hall High Visibility Location
Business Description
Restaurant for Sale with Banquet Hall High Visibility Location
An exceptional opportunity awaits in the heart of downtown Oak Park, Michigan. After 16 successful years in the same high visibility location, this well known Mediterranean Restaurant for Sale is relocating to a new standalone building, creating a rare chance to take over a fully built out, turnkey space with a long history of strong performance.
This expansive 5,800 square foot Restaurant for Sale has been meticulously maintained and features an impressive, high end buildout throughout. The kitchen is fully equipped with top quality equipment, all in outstanding condition, allowing for seamless continued operation without the need for major upgrades. The spacious dining area is beautifully finished with upscale tile work and modern design elements, creating an inviting and polished atmosphere ideal for both everyday dining and large gatherings. Due to the sheer size and layout of the dining space, the restaurant also functions exceptionally well as a banquet hall, making it perfect for hosting private parties, celebrations, corporate events, and group dining experiences. The space also includes a full bar and comes with a highly desirable Class C liquor license.
Historically, this Restaurant for Sale location has been a top performer, consistently generating approximately $180,000 per month prior to the temporary closure of the nearby I 696 expressway last year. Despite this disruption, the business has remained resilient, still producing around $120,000 per month. With the expressway scheduled to reopen this fall, sales are projected to rebound to previous levels, offering strong upside potential. Call We Sell Restaurants today to schedule your tour!
The lease is very affordable for a space of this size, quality, and prime location, making it an attractive option for experienced operators or new concepts. The new owner of this Restaurant for Sale could rename this restaurant/banquet hall and continue the Mediterranean concept seemlessly and have a thriving restaurant on day 1. However, the versatile layout and premium buildout allow it to be easily repurposed as a coney island, or transformed into a thriving sports bar or even a high energy nightclub concept. This is a rare, move in ready opportunity with immediate income potential and strong future growth..
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This expansive 5,800 square foot Restaurant for Sale has been meticulously maintained and features an impressive, high end buildout throughout. The kitchen is fully equipped with top quality equipment, all in outstanding condition, allowing for seamless continued operation without the need for major upgrades. The spacious dining area is beautifully finished with upscale tile work and modern design elements, creating an inviting and polished atmosphere ideal for both everyday dining and large gatherings. Due to the sheer size and layout of the dining space, the restaurant also functions exceptionally well as a banquet hall, making it perfect for hosting private parties, celebrations, corporate events, and group dining experiences. The space also includes a full bar and comes with a highly desirable Class C liquor license.
Historically, this Restaurant for Sale location has been a top performer, consistently generating approximately $180,000 per month prior to the temporary closure of the nearby I 696 expressway last year. Despite this disruption, the business has remained resilient, still producing around $120,000 per month. With the expressway scheduled to reopen this fall, sales are projected to rebound to previous levels, offering strong upside potential. Call We Sell Restaurants today to schedule your tour!
The lease is very affordable for a space of this size, quality, and prime location, making it an attractive option for experienced operators or new concepts. The new owner of this Restaurant for Sale could rename this restaurant/banquet hall and continue the Mediterranean concept seemlessly and have a thriving restaurant on day 1. However, the versatile layout and premium buildout allow it to be easily repurposed as a coney island, or transformed into a thriving sports bar or even a high energy nightclub concept. This is a rare, move in ready opportunity with immediate income potential and strong future growth..
By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.
About the Business
- Years in Operation
- 16
- Employees
- 8 Part-time
- Facilities & Assets
- (12) 6' Tables, (20) 4' Tables, (152) Chairs, (12) 4' Stone Booth Tables, (4) TV's in Dining Area, (1) 4' x 4' Glass Front Dessert Case with refrigeration, (1) Dough Pro Bread Machine, (1) 5' Pop Cooler with Glass Door, (1) Vantco Tea/Coffee Warmer 2 Station, (1) 3 Pot Bunn Coffee Warmer, (1) 2 Pot Bunn Coffee Warmer, (1) 6 Dispenser Fountain Pop with Ice Cooler below, (1) 6' x 3' Beer Cooler with Glass Front, (1) Juice Squeezer, (1) Bend Tec Blender, (1) 2' x 3' Frig in Bar Area, (3) 12' Hoods, (1) 10 Top Oven, (1) 6 Top Oven, (1) Royal Oven, (2) Mea...
- Website
- https://www.wesellrestaurants.com
- Market Outlook / Competition
- * Competitive Advantage with Proven Sales History: Generating approximately $1.5M in annual revenue—even during the disruption of Interstate 696 construction—demonstrates strong market demand and brand-independent location strength. With the freeway reopening, a new operator is well-positioned to outperform nearby competitors and recapture even higher sales volumes.
* Built-In Edge for Events & Group Dining: Unlike many competing restaurants, this location offers a large banquet-style dining space, creating a significant competitive advantage for pr - Opportunities for Growth
- * Strong Growth Potential with Freeway Reopening: The business already generates approximately $1.5M in annual revenue despite reduced traffic from the temporary closure of Interstate 696. With the freeway scheduled to reopen, there is a clear and immediate opportunity to increase visibility, customer flow, and overall sales—potentially surpassing previous revenue highs.
* Expansion Through Banquet & Event Revenue Streams: The large dining area functions as a banquet hall, creating significant room for growth through private events, corporate function
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 5,800
- Rent
- $9,136.00 per month
- Lease Expiration
- 9/1/2026
About the Sale
- Seller Motivation
- Relocation
- Transition Support
- 0 Week
Listing Info
- ID
- 2493049
- Listing Views
Listing ID: 2493049 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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