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Listed by:

Armen Nazarian Business Brokers

Broker license number: 0630

Family Restaurant For Sale

Monroe County, Michigan, US
Asking Price:
$375,000
Sales Revenue:
$500,000
Cash Flow:
Not applicable

This is a great opportunity to own a Family Style Restaurant in Monroe County! Established in 2/2023, this restaurant is located on a highly traveled road with tons of residential, commercial and national anchors in the surrounding areas.

The restaurant is in a 9,800 sq. ft building which was going to be the model restaurant and home headquarters to a new food franchise concept. Known for their Famous Steakburgers, this restaurant was off to a great start the first year with the plans to start franchising the concept only to be put on hold due to owners’ health condition.

Fantastic menu! Current owner does no advertising…a new owner/operator with some creative advertising/marketing along with Franchising, adding a website, catering, liquor license, arcade game room, hosting parties, charity events and school/corporate accounts, you have HUGE potential.

This is a turn-key operation only needing a new owner/operator to take it to the next level with a vision. A must see/must have business that will not disappoint. Seller will entertain all reasonable offer!

Property Information

Real Estate:

Lease

Premises Details:

The restaurant is in a 9,800 sq. ft building which was going to be the model restaurant and home headquarters to a new food franchise concept. Known for their Famous Steakburgers, this restaurant was off to a great start the first year with the plans to start franchising the concept only to be put on hold due to owners’ health condition. Fantastic menu!

Size in square feet:
9,800

Business Operation

Expansion Potential:

Current owner does no advertising…a new owner/operator with some creative advertising/marketing along with Franchising, adding a website, catering, liquor license, arcade game room, hosting parties, charity events and school/corporate accounts, you have HUGE potential.

Reasons for selling:

Health

Employees:
5

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 $125,000 down. 8% int., amortized over 180 months, balloon due in 60 months

Inventory / Stock value:
$15,000

Listed by

Armen Nazarian Business Brokers

Broker license number: 0630