Lake Orion / Oxford Casual Restaurant

Oakland County, MI
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Asking Price:$499,000
Rent:$8,700
Gross Revenue:$1,500,000
FF&E:$225,000
BUSINESS DESCRIPTION

PRICE REDUCED FROM $550,000 TO $499,000........CONFIDENTIAL SALE  -  Contact listing broker for location information:   Located in an historic building dating back to the late 1800s, it makes a great home for this casual restaurant. Whether you prefer the fast convenience in the main floor dining or a more relaxed and intimate experience in the upstairs dining room (or rooftop patio) this downtown location is home to an eclectic food selection.  You can make this the next location for your existing restaurant or make it your next concept. The kitchen has virtually brand new equipment and enough fire power for any concept you plan to execute.  A large 18’ hood handles day to day operations and an additional 3’ hood handles all of your frying needs.  The roof top patio is a unique feature to bring customers to the great outdoors as it over looks parts of the downtown area. This building is absolutely beautiful! Come check it out.  You won't regret it.


DETAILED INFORMATION
Location
Oakland County, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
5,890
Lease Expiration
11/02/2028
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Very good looking building in the DDA, Kitchen equipment looks brand new.
Competition
Located in a restaurant district, there is plenty of customers driving in or walking around the streets.
Growth & Expansion
Sales have increased significantly each year of operation.
Support & Training
Transitional Support is available
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Michael Scheid
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Michael Scheid