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Listed by:

Armen Nazarian Business Brokers

Established Mediterranean Restaurant In Oakland County For Sale

Oakland County, Michigan, US
Asking Price:
$120,000
Sales Revenue:
$223,047
Cash Flow:
$48,403

This is a great opportunity to own a Mediterranean Restaurant in Oakland County! Established in 2016, this cute, cozy restaurant is located at an extremely busy intersection surrounded by plenty of residential and commercial properties. All equipment is in “like new” condition and maintained regularly. Menu consists of a variety of delicious Mediterranean dishes including falafel, grape leaves, tabbouli, shawarmas, and much more! This restaurant also has a great catering menu and is highly recommended for catering events. Current owner does minimal advertising…a new owner/operator with some creative advertising/marketing along with opening on Sunday, expanding the hours of operation, Franchise or Licensing opportunities, you have HUGE potential. The unit next door is currently for lease and could be rented if buyer would like to expand the dining area. Perfect for a husband/wife team or first-time restaurant owner. This business does not disappoint and easy to operate. Turnkey operation only needing a new owner/operator! A must see/must have business! Seller will train. Call Armen Nazarian Business Brokers

Property Information

Real Estate:

Lease

Premises Details:

All equipment is in “like new” condition and maintained regularly. Menu consists of a variety of delicious Mediterranean dishes including falafel, grape leaves, tabbouli, shawarmas, and much more! This restaurant also has a great catering menu and is highly recommended for catering events.

Size in square feet:
1,327

Business Operation

Expansion Potential:

Current owner does minimal advertising…a new owner/operator with some creative advertising/marketing along with opening on Sunday, expanding the hours of operation, Franchise or Licensing opportunities, you have HUGE potential. The unit next door is currently for lease and could be rented if buyer would like to expand the dining area.

Reasons for selling:

Retirement

Employees:
4
Years established:
8

Other Information

Support & training:

seller will train

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

$120,000 with $50,000 down. 8% int., amortized over 60 months

Inventory / Stock value:
$6,000