Turn-Key Downtown Detroit Restaurant & Bar Acquisition

Detroit, MI
Asking Price:$1,350,000
Established Year:2022
Rent:$8,636/Month
BUSINESS DESCRIPTION

Exquisite Downtown Detroit Restaurant & Bar Acquisition

Incredible opportunity to acquire this beautiful newly constructed modern Mexican dining and drinking experience, Nuevo Seoul. A hip and completely original Korean inspired Mexican Restaurant & Bar; at the heart and core of the steadily exploding Downtown Detroit Central Business District. This acquisition includes the Liquor License, Furniture, Fixtures, Equipment and all Inventory on premises.

The acquisition is being offered at $1,350,000.00 and the new owner / purchaser will assume the lease, which commenced July 2021, at a lease rate of $8636.00 per month NNN through 2026.

The Initial Lease Term is 10 years with (2) 5 Year Renewal Options.

The 3,994 square foot space is an incredible blend of indoor and covered heated outdoor space ~ fronting a charming and inviting pedestrian friendly alley. No expenses spared in this hip, modern and vibrant establishment, featuring a totally unique Mexican and Korean inspired menu, and a cozy stylish bar with a carefully curated tequila and mezcal selection. The heated enclosed outdoor patio is ideal for daytime and evening gatherings.

Attractive financing solutions / packaging readily available to qualified purchasers.


ATTACHED DOCUMENTS
Nuevo Seoul_Offering Brochure.pdf.pdf Download

DETAILED INFORMATION
Location
Detroit, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,994
Lease Expiration
13/07/2026
Employees
35
Facilities
Prime location in the heart of Downtown Detroit CBD Fully Equipped, Turn Key Ready Liquor License + Premium Furniture, Fixtures, Equipment and Inventory Included Impressive Premium 'Chef' Kitchen equipped with Premium Top of the Line Equipment Extraordinary Interior + Exterior Design Enclosed Outdoor Year Round Alley Space Gorgeous impeccably restored historic mixed use building Stylish Cozy Bar and hip uniquely modern interior atmosphere, palette and finishes State-of-the-art HVAC, Kitchen and building systems Attractive Financing Package Available
Financing
Attractive Financing Solutions / Packaging available to qualified purchaser.
Support & Training
Current ownership readily available to support transition.
Reason for Selling
Focus on rapidly expanding core restaurant brand.

BUSINESS LOCATION
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Michael Scamardella
Michael Scamardella