Brunch Restaurant & Cocktail Lounge Birmingham, MI 48009
- Retail properties
- 10,000 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Brunch Restaurant & Cocktail Lounge
- Property size
- 10,000 SF
- Property type
- Retail properties
- Property subtype
- Bars
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2131
- Latitude
- 42.541
