Well Known Hometown Restaurant and Bar

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Asking Price:
$395,000

Gross Revenue:
$1,066,831
Cash Flow:
$73,809
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$125,000
included in asking price

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Business Description

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.

About the Business

Location:
Oakland County, Michigan
Year Established:
1980
Number of Employees:
32
Real Estate:
Leased
Building Sq. Ft.:
3,000
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.
Market Outlook/
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.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller will provide adequate training to insure smooth transition

Listing Info

ID:
1634664
Ad Detail Views:
0

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Business Listed by

Tanya Popov

INIX Business Brokers

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