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Restaurant Space in Farmington Hills

Farmington Hills, MI (Oakland County)

Restaurant Space in Farmington Hills
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Asking Price: $99,000

Cash Flow: N/A

Gross Revenue: $300,000

EBITDA: N/A

FF&E: $170,000

Inventory: N/A

Rent: $3,300 /Month

Established: 2016

Restaurant Space in Farmington Hills

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Business Description

Restaurant  suitable for many concepts.  This ultra clean Farmington Hills eatery is currently Mediterranean cuisine but the restaurant is suitable for any cuisine (except for Mexican, Indian or a breakfast focused restaurant due to shopping center limitations).  Keep the name and concept or change it to your newest location.  It is located near busy car dealerships, industrial and office complexes in the Grand   River 10 mile area.  The current restaurant concept focuses on the great lunch crowd but there is opportunity to expand the current clientele with a little marketing especially if you plan to have a new concept.  This is a 6 day a week operation with over 6 years remain on the existing lease ($3300/Mo) in a 2,400 Sq foot space.  The restaurant has total seating for 50 guests that includes 6 booths and seats at the counter.   As you can see in the photo there is room to expand the seating.   The kitchen 12 foot exhaust hood was installed new 2 years ago and is in great shape  Large walk in cooler and freezer are also part of the build out 2 years ago when the kitchen was completely rebuilt.  The equipment has been regularly maintained and is in great shape.

Did I mention the 1,000 apartments within 2 miles of this location?  Don’t miss this opportunity to get in

the restaurant business at an affordable price.

Detailed Information

Location:
Farmington Hills, MI
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Great, clean restaurant space with facilities to handle most restaurant concepts
Competition:
Great space for any concept. Center has limit for Indian, Breakfast or Mexican restaurant due to other concepts in plaza
Growth & Expansion:
add dinner and maybe liquor.
Support & Training:
transitional support available
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Michael Scheid

Business Listed By:
Michael Scheid

THOMAS HOSPITALITY GROUP

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