This is a great opportunity to own a nice, free standing Coney Island Restaurant in Suburban Wayne County. Established in 1992, this 53-seater restaurant is located on a highly traveled road with plenty of residential and commercial properties in the surrounding areas. All equipment is in excellent condition and maintained regularly. Restaurant serves breakfast, lunch and dinner! Great menu! Current owner runs the business semi-absentee and does no advertising…a new owner/operator with some creative advertising/marketing along with extending the hours, adding catering/deliveries, corporate accounts and a website, you have HUGE potential. Great location with plenty of growth opportunities! Restaurant can be bought w/wo Property! Perfect for a husband/wife team or a starter restaurant. A must see/must have business that will not disappoint! Nice Cashflow! Seller will entertain all reasonable offers!! Call Armen Nazarian Business Brokers
- Asking Price:
- $175,000
- Sales Revenue:
- $450,000
- Cash Flow:
- Not applicable
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
All equipment is in excellent condition and maintained regularly. Restaurant serves breakfast, lunch and dinner! Great menu!
- Size in square feet:
- 1,700
Business Operation
- Expansion Potential:
-
Current owner runs the business semi-absentee and does no advertising…a new owner/operator with some creative advertising/marketing along with extending the hours, adding catering/deliveries, corporate accounts and a website, you have HUGE potential. Great location with plenty of growth opportunities! Restaurant can be bought w/wo Property!
- Reasons for selling:
-
Retire
- Employees:
- 4
- Years established:
- 32
Other Information
- Support & training:
-
seller will train
- Financing available:
-
$175,000 with $99,000 down. 8% int., amortized over 60 months
- Inventory / Stock value:
- $5,000
