This is a great opportunity to own a new, Seafood Restaurant in Oakland County. Established 3/2024, this restaurant is located on a highly traveled road situated between 4 major cities and one of the busiest business districts of Oakland County. All equipment is in “like-new” condition and maintained regularly. Great Seafood Menu! This 2,300 sq. ft. restaurant seats 80 inside & 20 on the outside patio. Plenty of residential and commercial properties in the surrounding areas. Current owner does minimal advertising…a new owner/operator with some creative advertising/marketing along with adding daily specials, live entertainment, opening Sundays for New Orlean’s Brunch, adding a bar with Class C Liquor License, adding a website, corporate catering and hosting private parties, you have HUGE potential. This restaurant cost more than $500,000 to build! No expense was spared in build out! This is a turn-key operation that needs a new owner/operator to take it to the next level and beyond. Location alone is a homerun! Seller will train and entertain all reasonable offers! A must see/must have business that will not disappoint or last long. Seller’s health forces sale! Call Armen Nazarian Business Brokers
- Asking Price:
- $375,000
- Sales Revenue:
- $720,000
- Cash Flow:
- Not applicable
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
All equipment is in “like-new” condition and maintained regularly. Great Seafood Menu! This 2,300 sq. ft. restaurant seats 80 inside & 20 on the outside patio. Plenty of residential and commercial properties in the surrounding areas
- Size in square feet:
- 2,300
Business Operation
- Expansion Potential:
-
Current owner does minimal advertising…a new owner/operator with some creative advertising/marketing along with adding daily specials, live entertainment, opening Sundays for New Orlean’s Brunch, adding a bar with Class C Liquor License, adding a website, corporate catering and hosting private parties, you have HUGE potential.
- Reasons for selling:
-
Health
- Employees:
- 10
Other Information
- Support & training:
-
Seller will Train
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$375,000 with $175,000 down. 8% int., amortized over 120 months, balloon due in 60 months
- Inventory / Stock value:
- $18,000
