Mexican Restaurant & Bar

Oakland County, MI

Seller Financing Available

listing image
Asking Price:$399,000
Inventory:$10,000
Established Year:2018
Gross Revenue:$1,081,520
Rent:$9,600/Month
BUSINESS DESCRIPTION

This is a great opportunity to own an established, beautiful, Mexican Restaurant & Bar in Oakland County! This Restaurant & Bar is located on a highly traveled road surrounded by plenty of residential and commercial properties with endless growth possibilities. Recently remodeled, all kitchen equipment is in excellent condition and serviced regularly. Bar area shows beautifully with an area for live entertainment, 36 TVs, 2 big Projectors, and outdoor patio! Owner does not advertise… a new owner/operator with some creative advertising/marketing along with opening Monday, extending the hours of operations, adding catering and deliveries, live music/bands on weekends, drink/happy hour specials, dinner/lunch specials, and playing all big sports games, you have HUGE potential to the already solid gross sales. A must see/must have business that will not disappoint! Can be easily converted to another food concept. Turn-key operation only needing a new owner/operator. Seller will entertain all reasonable offers and train new owner! Call Armen Nazarian @ 248-231-7714 or visit www.armennazarian.com
*Name must change 30 days after closing.


DETAILED INFORMATION
Location
Oakland County, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
5,000
Employees
11
Facilities
This is a great opportunity to own an established, beautiful, Mexican Restaurant & Bar in Oakland County! This Restaurant & Bar is located on a highly traveled road surrounded by plenty of residential and commercial properties with endless growth possibilities. Recently remodeled, all kitchen equipment is in excellent condition and serviced regularly. Bar area shows beautifully with an area for live entertainment, 36 TVs, 2 big Projectors, and outdoor patio!
Growth & Expansion
Owner does not advertise… a new owner/operator with some creative advertising/marketing along with opening Monday, extending the hours of operations, adding catering and deliveries, live music/bands on weekends, drink/happy hour specials, dinner/lunch specials, and playing all big sports games, you have HUGE potential to the already solid gross sales. A must see/must have business that will not disappoint! Can be easily converted to another food concept.
Financing
$399,000 with $200,000 down, 8% int., amortized over 84 months
Support & Training
Seller will train
Reason for Selling
Owns Other Restaurants
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Armen
Nazarian
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Armen Nazarian