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    Brunch Restaurant & Cocktail Lounge Birmingham, MI 48009

    Sponsored
    For Sale
    $349,999

    Established Brunch & Cocktail Bar, High Growth Potential

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents the chance to acquire a thriving, dual-concept business in Birmingham, Michigan's vibrant downtown. The package includes a well-established brunch restaurant and an adjacent cocktail lounge, both operating under a single lease. The 10,000 square foot space boasts a fully equipped kitchen within the restaurant, seating 70 patrons, and a separate cocktail lounge with a 100-person capacity. The restaurant, established in August 2023, operates Tuesday through Sunday, while the lounge, opened in October 2023, is open Tuesday through Saturday. Currently employing eight full-time and part-time staff, the business offers significant potential for expansion through targeted marketing and increased operational hours. The asking price of $349,999 includes the liquor license. The lease is $7,500 per month or 10% of gross revenue (capped at $20,000), whichever is higher, with a five-year option available. Inventory is not included in the asking price. The seller is offering training to ensure a smooth transition for the new owner. Financing options include cash or bank financing. This turnkey operation is ideal for an ambitious entrepreneur seeking a profitable and established business in a prime location. The seller is motivated and is selling due to other business interests.

    Property Features for 0 Brunch Restaurant & Cocktail Lounge

    General Information

    Property type
    Restaurants
    Square Feet
    10,000 SF

    HighLights

    • $7,500/month lease, or 10% of gross revenue (capped at $20,000), whichever is higher.
    • Established brunch restaurant (August 2023), 70 seats, full kitchen.
    • Established cocktail lounge (October 2023), 100‑person capacity.
    • Oakland County, MI location.
    • 10,000 square foot building.
    • Eight full‑time/part‑time employees.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Birmingham
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2131206
    Latitude
    42.5410436

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    FAQs

    What type of property is this?
    Restaurant - Established Brunch & Cocktail Bar, High Growth Potential
    Where is this restaurant located?
    The property is located at Brunch Restaurant & Cocktail Lounge Birmingham, MI.
    What is the asking price?
    The asking price for this property is $349,999.
    What are key features of this property?
    This property features: $7,500/month lease, or 10% of gross revenue (capped at $20,000), whichever is higher.; Established brunch restaurant (August 2023), 70 seats, full kitchen.; Established cocktail lounge (October 2023), 100-person capacity.
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    Brunch Restaurant & Cocktail Lounge Birmingham, MI 48009
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Brunch Restaurant & Cocktail Lounge Birmingham, MI 48009
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