Coney Island Restaurant

Wayne County, MI

Seller Financing Available

listing image
Asking Price:$175,000
Inventory:$5,000
Established Year:1992
Gross Revenue:$450,000
Rent:$3,000/Month
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!!


DETAILED INFORMATION
Location
Wayne County, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,700
Employees
4
Facilities
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.
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! 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!!
Financing
$175,000 with $99,000 down, 8% int., amortized over 60 months
Support & Training
Seller will train.
Reason for Selling
Retiring
Report an Issue with this listing
profile-img
AP
Nazarian
logo-img
AP Nazarian