Description
We are pleased to bring to market a well-established restaurant/lounge with over 20 years of history. This location, opened by the seller in 2005, operated successfully until August 2024. Due to personal circumstances, the business was closed, and it is now being offered as an asset sale, including a valuable Class C liquor license, for a package price of $250,000.
The restaurant is fully equipped with all the necessary equipment to reopen as a restaurant or to transform into a concept of the new owner’s choice. Spanning approximately 3,200 square feet, the space offers over 75 seats in the dining area and an additional 10-15 seats at the fully built-out bar, which includes coolers, sinks, and other bar essentials.
This prime location is situated on Woodward Avenue in a bustling downtown area with thriving nightlife, residential homes, and apartments. The vibrant and growing local community makes this an exceptional opportunity for someone looking to establish a restaurant with a liquor license in a highly desirable Oakland County location.
The current lease runs through July 2025. However, the landlord has expressed a willingness to provide updated lease terms for a qualified buyer/tenant.
The seller is motivated and open to all offers, making this an outstanding opportunity for the right buyer.
Get More InfoBusiness Overview
| Revenue | $200,000 |
| Cash Flow | TBD |
| Inventory | $10,000 |
| Year Established | 2005 |
| Seller Financing | No |
| Employees | 0FT 0PT |
| Asking Price | $250,000 |
Key Statistics
- Hours of Operation: N/A
- Employees: 0 Full Time 0 Part Time
- Year Established: 2005
- Year Acquired: 2005
- Liscence Required: Sales Tax & Liquor
- Seats: 100 +/-
- Parking: Ample
Financial Information
- Gross Sales: $200,000
- Source: Seller Provided Financials
- Cash Flow: TBD
- Source: Seller Provided Financials
- Inventory Value: 10,000
Seller Financing
Location
- Monthly Rent: $6,050 (Including NNN)
- Lease Terms: Lease Expires: 7/1/25 with option to renew
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Disclaimer
The information on this website is for informational purposes only and should not be considered legal, financial, or investment advice. Capital Commercial Group, Inc. makes no guarantees regarding potential income, market conditions, or the accuracy of the information provided. This information has been supplied to Capital Commercial Group, Inc. by sellers or obtained from other sources. We have not and will not verify its accuracy and recommend that purchasers independently verify any information with their own counsel. Links to third-party sites are provided for convenience; we do not endorse or assume responsibility for their content. Users should conduct their own due diligence and seek professional advice before making business decisions.