Franchise Restaurant

File# C2425
Location: Oakland County
Business Price: $250,000
Down Payment: $100,000
Monthly Payment:$1,590.97
Interest Rate: 5%
Amortization Period:10 years
Gross Sales: $712,000
Source: Seller
Cash Flow: $97,078
Source: 2016 income tax return
Inventory: $10,000
Days Open: 7 days
Business Hours: 8am - 9pm
Seats: 78
Parking: ample
Licences Required:Franchise, sales tax, health dept
Year Established:2014
Year Acquired: 2014
Building Price:$500,000
Building Terms:cash at closing

Profile:

Confidential! Do not discuss with anyone at the location. All appointments are to be scheduled through listing agents.
This is a beautiful, upscale chain restaurant that serves Greek and American fare. It was completely remodeled to its current concept in 2014. It is located in an area that provides many customers for lunch. The food is excellent and is well known due to the fact that there are many other restaurants in the chain located throughout the metropolitan Detroit area. It is absentee run by a full time manager who earns $55,000 per year. The buyer should expand the daily specials and the catering menu. Seller will provide full training. There will be no franchise royalties for the first 12 months of new ownership.

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This information has been supplied to Broker, Capital 1 Commercial Group, 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.