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Listed by:

Armen Nazarian Business Brokers

Established Franchise In Coney Island For Sale

Washtenaw County, Michigan, US
Asking Price:
$599,000
Sales Revenue:
$1,188,874
Cash Flow:
$233,189

This is a great opportunity to own a very successful, high volume Franchise Coney Island Restaurant in Washtenaw County.

This 130-seat restaurant is located on a highly traveled road surrounded by plenty of residential and commercial properties.

Complete remodel in 2020 with all new equipment including the dining room and kitchen ($1.2 million invested in new remodel alone).

Full menu consists of breakfast, lunch, and dinner!

Current owner does no advertising…a new owner/operator with some creative advertising/marketing along with adding catering/deliveries, beer/wine license, corporate accounts, opening 24 hours and hosting parties, you have HUGE potential to the already high gross sales and cashflow.

Currently absentee run! Great location with major anchors in the immediate area and unlimited growth opportunities!

Perfect for a husband/wife team. A must see/must have business that will not disappoint!

Turn-key operation only needing a new owner/operator! Seller will train and entertain all

Property Information

Real Estate:

Lease

Premises Details:

This 130-seat restaurant is located on a highly traveled road surrounded by plenty of residential and commercial properties. Complete remodel in 2020 with all new equipment including the dining room and kitchen ($1.2 million invested in new remodel alone). Full menu consists of breakfast, lunch, and dinner!

Size in square feet:
4,400

Business Operation

Expansion Potential:

Current owner does no advertising…a new owner/operator with some creative advertising/marketing along with adding catering/deliveries, beer/wine license, corporate accounts, opening 24 hours and hosting parties, you have HUGE potential to the already high gross sales and cashflow. Currently absentee run! Great location with major anchors in the immediate area and unlimited growth opportunities!

Reasons for selling:

owns other restaurants

Employees:
20
Years established:
4

Other Information

Support & training:

seller will train

Financing available:

$599,000 with $250,000 down. 8% int., amortized over 180 months. Balloon due in 84 months

Inventory / Stock value:
$20,000