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Listed by:

Armen Nazarian Business Brokers

Established Coney Island Restaurant In Downriver For Sale

Downriver, Michigan, US
Asking Price:
$135,000
Sales Revenue:
$275,000
Cash Flow:
Not applicable

This is a great opportunity to own a nice, free-standing Coney Island restaurant in the Downriver area. Established in 1980, this 55-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 is maintained regularly. The restaurant serves breakfast, lunch and dinner! Great menu! Current owner runs the business absentee, short hours and does no advertising…a new owner/operator with some creative advertising and marketing, along with extending the hours, adding daily specials, catering/deliveries, beer/wine license, outdoor patio, corporate accounts and a website, you have HUGE potential.

Great location with plenty of growth opportunities! Restaurant can be bought w/wo Property which includes (2) buildings totaling 3 units in all! Expand the restaurant into the next-door unit or lease out the other (2) units for passive income opportunity! Perfect for a husband/wife team or a starter restaurant. A must see/must have business that will not disappoint! Seller will entertain all reasonable offers and offering Land Contract!!

Property Information

Real Estate:

Lease

Premises Details:

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 absentee, short hours and does no advertising…a new owner/operator with some creative advertising/marketing along with extending the hours, adding daily specials, catering/deliveries, beer/wine license, outdoor patio, corporate accounts and a website, you have HUGE potential. Great location with plenty of growth opportunities! Restaurant can be bought w/wo Property which includes (2) buildings totaling 3 units in all! Expand the restaurant into the next-door unit or lease out the other (2) units.

Reasons for selling:

Retirement

Employees:
3
Years established:
44

Other Information

Support & training:

seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$135,000 with $50,000 down. 8% int., amortized over 84 months

Inventory / Stock value:
$5,000