Mediterranean Restaurant

Oakland County, MI

Seller Financing Available

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Asking Price:$100,000
Gross Revenue:$223,047
Rent:$1,603/Month
Cash Flow:$48,403
Inventory:$6,000
Established Year:2016
BUSINESS DESCRIPTION

This is a great opportunity to own a Mediterranean Restaurant in Oakland County! Established in 2016, this cute, cozy restaurant is located at an extremely busy intersection surrounded by plenty of residential and commercial properties. All equipment is in “like new” condition and maintained regularly. Menu consists of a variety of delicious Mediterranean dishes including falafel, grape leaves, tabbouli, shawarmas, and much more! This restaurant also has a great catering menu and is highly recommended for catering events. Current owner does minimal advertising…a new owner/operator with some creative advertising/marketing along with opening on Sunday, expanding the hours of operation, Franchise or Licensing opportunities, you have HUGE potential. The unit next door is currently for lease and could be rented if buyer would like to expand the dining area. Perfect for a husband/wife team or first-time restaurant owner. This business does not disappoint and easy to operate. Turnkey operation only needing a new owner/operator! A must see/must have business! Seller will train. Call Armen Nazarian Business Brokers


DETAILED INFORMATION
Location
Oakland County, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,327
Employees
4
Facilities
All equipment is in “like new” condition and maintained regularly. Menu consists of a variety of delicious Mediterranean dishes including falafel, grape leaves, tabbouli, shawarmas, and much more! This restaurant also has a great catering menu and is highly recommended for catering events.
Growth & Expansion
Current owner does minimal advertising…a new owner/operator with some creative advertising/marketing along with opening on Sunday, expanding the hours of operation, Franchise or Licensing opportunities, you have HUGE potential. The unit next door is currently for lease and could be rented if buyer would like to expand the dining area.
Financing
$100,000 with $40,000 down. 8% int., amortized over 60 months
Support & Training
Seller will Train
Reason for Selling
Retirement
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Armen Nazarian