Business Summary:
Looking for established bar & restaurant operation? This charming restaurant is located in a rapidly growing beautiful downtown area of Oakland County Michigan and has been proudly providing exceptional service in the community for over 30 years. It is well known by the locals for their yummy breakfast menu, unique lunch and dinner choices as well as cozy bar area with live entertainment and laid-back historic atmosphere with a hometown vibe. Hundreds of 5-star reviews on Google, Tripadvisor and Yelp continue to bring new patrons every day. Sales have been consistently exceeding $1mil for the last 3 years. The owner invested over $20K in brand new equipment in the last year. Sale includes Class C liquor license with limited availability in the local area valued at $80K.The owners had a great run and looking forward to retiring. This is an excellent opportunity for a new restaurateur to take over this turnkey successful establishment, which has been a pillar of the community for many years. This North Oakland County downtown area includes array of specialty retail stores, restaurants, parks, office buildings, and historic neighborhoods on the lakefront and is currently under heavy new development, including a residential condominium complex with retail spaces. More information is available with signed Non-Disclosure. All buyers must show financial capability.
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| Year
Business was Established: 1980 |
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| Number of Employees:
32 |
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| Facilities / Terms of Lease:
Currently the business operates out of unique corner leased space with access from both streets connecting family style café section and bar lounge through the interior door. Restaurant occupies 3,000 sq ft space with small outdoor eating area plus full basement including complete prep area. Favorable lease terms until 2028 with first option to buy the building. Located in a cozy downtown area that is exploding with retail and residential development. |
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| Potential
Growth/Expansion:
Plenty of opportunities for growth including catering and entertainment as well as hosting events. |
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| Competition:
Although competition exists, the location is the key. Unique menu, exceptional service and comfortable atmosphere offered attract patrons, both local and new. |
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| Owner
willing to finance:
Seller Financing is available to a well qualified buyer |
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| Owner
willing to train:
Seller will provide enough training to insure smooth transition. |
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| Reason for selling:
Retirement |
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Seller Reference Number: MI050919
BusinessMart.com Listing Number: 252423 |
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