Coney Island Restaurant

Wayne County, MI

Seller Financing Available

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Asking Price:$175,000
Inventory:$5,000
Gross Revenue:$450,000
Established Year:1992
BUSINESS DESCRIPTION

This is a great opportunity to own a nice, free standing Coney Island Restaurant in Suburban Wayne County. Established in 1992, this 53-seater restaurant is located on a highly traveled road with plenty of residential and commercial properties in the surrounding areas. All equipment is in excellent condition and maintained regularly. Restaurant serves breakfast, lunch and dinner! Great menu! Current owner runs the business semi-absentee and does no advertising…a new owner/operator with some creative advertising/marketing along with extending the hours, adding catering/deliveries, corporate accounts and a website, you have HUGE potential. Great location with plenty of growth opportunities! Restaurant can be bought w/wo Property! Perfect for a husband/wife team or a starter restaurant. A must see/must have business that will not disappoint! Nice Cashflow! Seller will entertain all reasonable offers!! Call Armen Nazarian Business Brokers


DETAILED INFORMATION
Location
Wayne County, MI
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
1,700
Employees
4
Facilities
All equipment is in excellent condition and maintained regularly. Restaurant serves breakfast, lunch and dinner! Great menu!
Growth & Expansion
Current owner runs the business semi-absentee and does no advertising…a new owner/operator with some creative advertising/marketing along with extending the hours, adding catering/deliveries, corporate accounts and a website, you have HUGE potential. Great location with plenty of growth opportunities! Restaurant can be bought w/wo Property!
Financing
$175,000 with $99,000 down. 8% int., amortized over 60 months
Support & Training
Seller will Train
Reason for Selling
Retiring
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Armen Nazarian