HOT ROCK COOKING IS THE NEWEST PHENOMENON IN THE CULINARY WORLD!! This is a great opportunity to own an award-winning Franchise Steakhouse in Oakland County. Established in 2013, this Steakhouse is located on a prime highly traveled road near a major mall, and plenty of residential and commercial properties with national anchors in the surrounding areas. Specializing in steaks served and cooked to perfection by the customer, on a 755-degree volcanic sizzling rock just the way they like it making it a memorable dining experience. Loyal and established customer base enjoy the warm & inviting atmosphere with a sophisticated feel! Lively bar area with a wide selection of drinks! All equipment is in great working order and serviced regularly. Menu consists of Appetizers, Fresh Salads, Burgers, Handhelds, Entrees, Steaks, Desserts and more. This is a corporate-run restaurant…a new owner/operator with some creative advertising/marketing, along with offering daily specials, drink specials, customer appreciation and joining the Chamber of Commerce, has HUGE potential. This restaurant has so much more growth potential for the right operator and does not disappoint! A must see/must have business priced aggressively to sell! Turn-key operation only needing a new owner/operator!
- Asking Price:
- $449,000
- Sales Revenue:
- $2,577,000
- Cash Flow:
- Not applicable
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Established in 2013, this Steakhouse is located on a prime highly traveled road near a major mall, and plenty of residential and commercial properties with national anchors in the surrounding areas. Specializing in steaks served and cooked to perfection by the customer, on a 755-degree volcanic sizzling rock just the way they like it making it a memorable dining experience. Loyal and established customer base enjoy the warm & inviting atmosphere with a sophisticated feel! Lively bar area with a wide selection of drinks! All equipment is in great working order and serviced regularly. Menu consist of Appetizers, Fresh Salads, Burgers, Handhelds, Entrees, Steaks, Desserts and more.
- Size in square feet:
- 6,240
Business Operation
- Expansion Potential:
-
This is a corporate run restaurant…a new owner/operator with some creative advertising/market along offering daily specials, drinks specials, customer appreciation and joining the Chamber of Commerce, you have HUGE potential. This restaurant has so much more growth potential for the right operator and does not disappoint!
- Reasons for selling:
-
Health
- Employees:
- 15 FT / 23 PT
- Years established:
- 13
Franchise Information
- Franchise opportunity:
-
Franchise Resale
Other Information
- Support & training:
-
seller will train
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$449,000 with $175,000 down. 8% int., amortized over 120 months
- Inventory / Stock value:
- $40,000
