Restaurant for Sale with Banquet Hall High Visibility Location
Oak Park, Michigan
FOR SALE - ACTIVE
Listing
- Listing#:37714
- Price: $649,000
- Location:Michigan
This expansive 5,800 square foot Restaurant for Sale has been meticulously maintained and features an impressive, high-end buildout throughout. The kitchen is fully equipped with top-quality equipment, all in outstanding condition, allowing for seamless continued operation without the need for major upgrades. The spacious dining area is beautifully finished with upscale tile work and modern design elements, creating an inviting and polished atmosphere ideal for both everyday dining and large gatherings. Due to the sheer size and layout of the dining space, the restaurant also functions exceptionally well as a banquet hall, making it perfect for hosting private parties, celebrations, corporate events, and group dining experiences. The space also includes a full bar and comes with a highly desirable Class C liquor license.
Historically, this Restaurant for Sale location has been a top performer, consistently generating approximately $180,000 per month prior to the temporary closure of the nearby I-696 expressway last year. Despite this disruption, the business has remained resilient, still producing around $120,000 per month. With the expressway scheduled to reopen this fall, sales are projected to rebound to previous levels, offering strong upside potential. Call We Sell Restaurants today to schedule your tour!
The lease is very affordable for a space of this size, quality, and prime location, making it an attractive option for experienced operators or new concepts. The new owner of this Restaurant for Sale could rename this restaurant/banquet hall and continue the Mediterranean concept seemlessly and have a thriving restaurant on day 1. However, the versatile layout and premium buildout allow it to be easily repurposed as a coney island, or transformed into a thriving sports bar or even a high-energy nightclub concept. This is a rare, move-in-ready opportunity with immediate income potential and strong future growth..
By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.
This is an exclusive listing of We Sell Restaurants who is the rightful owner of all intellectual property associated with this website. This may not be duplicated without the express permission of We Sell Restaurants. We Sell Restaurants is a federally registered trademark.
Business listed by Gary and Mike Elle, We Sell Restaurants.
This expansive 5,800 square foot Restaurant for Sale has been meticulously maintained and features an impressive, high-end buildout throughout. The kitchen is fully equipped with top-quality equipment, all in outstanding condition, allowing for seamless continued operation without the need for major upgrades. The spacious dining area is beautifully finished with upscale tile work and modern design elements, creating an inviting and polished atmosphere ideal for both everyday dining and large gatherings. Due to the sheer size and layout of the dining space, the restaurant also functions exceptionally well as a banquet hall, making it perfect for hosting private parties, celebrations, corporate events, and group dining experiences. The space also includes a full bar and comes with a highly desirable Class C liquor license.
Historically, this Restaurant for Sale location has been a top performer, consistently generating approximately $180,000 per month prior to the temporary closure of the nearby I-696 expressway last year. Despite this disruption, the business has remained resilient, still producing around $120,000 per month. With the expressway scheduled to reopen this fall, sales are projected to rebound to previous levels, offering strong upside potential. Call We Sell Restaurants today to schedule your tour!
The lease is very affordable for a space of this size, quality, and prime location, making it an attractive option for experienced operators or new concepts. The new owner of this Restaurant for Sale could rename this restaurant/banquet hall and continue the Mediterranean concept seemlessly and have a thriving restaurant on day 1. However, the versatile layout and premium buildout allow it to be easily repurposed as a coney island, or transformed into a thriving sports bar or even a high-energy nightclub concept. This is a rare, move-in-ready opportunity with immediate income potential and strong future growth..
By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.
This is an exclusive listing of We Sell Restaurants who is the rightful owner of all intellectual property associated with this website. This may not be duplicated without the express permission of We Sell Restaurants. We Sell Restaurants is a federally registered trademark.
Business listed by Gary and Mike Elle, We Sell Restaurants.
Lease Term 6 months
Monthly Rent $7,936, $1,200
Indoor Seating 200
Inside Sq. Ft. 5,800
Hood System Yes
Hours Monday - Thursday 11AM-10PM Friday- Saturday 11AM-11PM
No. of Part-Time Employees 8
No. of Full-Time Employees 0
- Prime Location: Situated in a high-traffic area of Oakland County Michigan, with strong local demand for unique dessert experiences.
- outstanding food
- Comes with liquor license
- Bring your own concept as owners are moving their restaurant to stand alone building
- Perfect location for a sports bar
- Ideal for a coney island
- Across the street from city offices and police/fire
- Proven track record at location for last 15 years
- Reasonable rent for size of space
Be Your Own Boss. Own a Business with Proven Success
Join We Sell Restaurants for a flexible career with banker's hours, expert training, and industry-leading support. Start your journey today.
