Brunch Restaurant & Cocktail Lounge
Listing Price: $349,999
- Asking Price: $349,999
- Rent: $7,500
Business Description
Package Deal with Liquor License
This is a great opportunity to own two businesses in a busy downtown. One business is a brunch restaurant, and the second is a cocktail lounge adjacent to the restaurant. Both places are being sold as a package deal, with the liquor license included. The owner is not able to be there as many hours as are needed so a new operator could grow the business by being a full-time operator
1. Brunch Restaurant
-Est: August 2023
-70 seat restaurant with a fully built-out kitchen
-5 employees
-Hours: Tuesday-Saturday 10am-10pm; Sunday 10am-8pm; Monday - closed
2. Cocktail Lounge
-Est: October 2023
-3 bartenders
-100 person occupancy
- Hours: Sunday/Monday Closed; Tuesday-Thursday 4pm - 10pm; Friday-Saturday 4pm - 11pm
The rent for both is $7,500/month or 10% of gross revenue (cap at $20,000), whichever is higher. There is also an additional 5-year option.
Detailed Information
Location: Oakland County, MI
Inventory: Not included in asking price
Real Estate: N/A
Building SF: 10000
Employees: 8FTPT
Facilities: These two businesses, which are 10,000 square feet and include a full kitchen, are located in a busy downtown area.
Growth & Expansion: Advertising in the community and on social media could help grow the business.
Financing: Cash or Bank Financing
Support & Training: The seller is willing to train a new owner.
Reason for Selling: Other business interests
Lease Info: $7,500/month or 10% of gross revenue (cap at $20,000), whichever is higher.
- Listing ID: 54645
- BizBuySell ID: 2296490
