Brunch Restaurant & Cocktail Lounge

Oakland County, MI
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Asking Price:$329,999
Rent:$7,500/Month
Inventory:$20,000
BUSINESS DESCRIPTION

Package Deal with Liquor License

This is a great opportunity to own two businesses in a busy downtown. One business is a brunch restaurant, and the second is a cocktail lounge adjacent to the restaurant. Both places are being sold as a package deal, with the liquor license included. The owner is not able to be there as many hours as are needed so a new operator could grow the business by being a full-time operator

1. Brunch Restaurant
-Est: August 2023
-70 seat restaurant with a fully built-out kitchen
-5 employees
-Hours: Tuesday-Saturday 10am-10pm; Sunday 10am-8pm; Monday - closed

2. Cocktail Lounge
-Est: October 2023
-3 bartenders
-100 person occupancy
- Hours: Sunday/Monday Closed; Tuesday-Thursday 4pm - 10pm; Friday-Saturday 4pm - 11pm

The rent for both is $7,500/month or 10% of gross revenue (cap at $20,000), whichever is higher. There is also an additional 5-year option.


DETAILED INFORMATION
Location
Oakland County, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
10,000
Employees
8
Facilities
These two businesses, which are 10,000 square feet and include a full kitchen, are located in a busy downtown area.
Growth & Expansion
Advertising in the community and on social media could help grow the business.
Financing
Cash or Bank Financing
Support & Training
The seller is willing to train a new owner.
Reason for Selling
Other business interests
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Vince
Hermiz
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Vince Hermiz