Coney Island-Well Established!

File# C2471
Location: Western Wayne County
Business Price: $225,000
Down Payment: $95,000
Monthly Payment:$2,513.26
Interest Rate: 6%
Amortization Period:60 months
Gross Sales: $646,370
Source: 2018 Income Statement
Cash Flow: $140,673
Source: 2018 Income Statement
Inventory: $7,000
Days Open: 7 days
Business Hours: Mon-Sat 7-8:30, Sun7-3
Seats: 98
Parking: plenty
Licences Required:Health/Sales
Year Established:1985
Year Acquired: 2001
Monthly Rent:$4000 Gross (including $800 CAM)

Profile:

This is a very well established coney island style restaurant that is located in a busy shopping center in the Plymouth-Canton, Michigan area. It is run by the owner plus 4 full-time and 10-11 part-time employees. It was established in 1985 and the current owner has owned it since 2001.
The restaurant seats 98 people and is 2100 square feet. There is more than ample parking for the restaurant. According to Seller, sales were $646,370 for 2018. An aggressive owner-operator could easily improve this already well performing coney island restaurant.

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This information has been supplied to Broker, Capital Business Brokerage, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.