MergerPlace

Well-Known Hometown Restaurant & Bar

Michigan (Oakland)


  • Asking Price: $395,000
  • Gross Income: $1,066,831
  • Cash Flow: $73,809
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $125,000
  • Listing ID: #214008
  • Established: 1980
  • Employees: 32

Business Description

We are pleased to introduce a long established hometown restaurant & bar located in a beautiful part of Oakland County Michigan. Open since 1980, the business has been proudly providing exceptional service and is a hometown favorite located in a very up and coming downtown area. Well-known for their breakfast menu and open bar area with live entertainment and loyal following.
This restaurant café is immaculately clean and provides a cozy atmosphere for anyone to relax and enjoy a nice meal. Providing breakfast, lunch and dinner, cocktails and live entertainment, this is a great fit for every patron. Offering a family style café section that connects to a lounge as well as offering a small outdoor eating area. The owner has placed $20,000 in new equipment within the last year. Liquor license and all assets are included with the sale. Inventory, liquor and lottery are not included in the asking price.
This is a turn-key operation and is ideal for a family business or partnership with great work ethics and a passion for food. More information is available with signed Non-Disclosure. All buyers must show financial capability.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Michigan
County: Oakland

Company Information

Year Established: 1980
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 32

Financial Information

Asking Price: $395,000
Gross Revenue: $1,066,831
Cash Flow: $73,809
FF&E: $125,000
Seller Financing Available: No

Property Information

Facilities:

Currently the business operates out of unique corner leased space with access from both streets connecting restaurant and bar lounge through the interior door. Restaurant occupies 3,000 sq ft space plus full basement including complete prep area with favorable lease terms until 2028. Located in a cozy downtown area that is exploding with retail and residential development.

Growth & expansion opportunities:

Plenty of opportunities for growth including catering and entertainment as well as hosting events

Competition:

Although competition exists, the location is the key. The variety of services and atmosphere offered attract patrons with a local loyal following.

Reason for selling:

Retirement

Support & Training:

Seller will provide adequate training to insure smooth transition

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Tanya Popov

Inix Consulting and Brokerage