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Accommodation & Food Services

Franchise Steakhouse / Bar & Grill

Oakland County, MI, USA
Updated 1 day ago
Established 2013

HOT ROCK COOKING IS THE NEWEST PHENOMENON IN THE CULINARY WORLD!! This is a great opportunity to own an award-winning Franchise Steakhouse in Oakland County. Established in 2013, this Steakhouse is located on a prime highly traveled road near a major mall, and plenty of residential and commercial properties with national anchors in the surrounding areas. Specializing in steaks served and cooked to perfection by the customer, on a 755-degree volcanic sizzling rock just the way they like it making it a memorable dining experience. Loyal and established customer base enjoy the warm & inviting atmosphere with a sophisticated feel! Lively bar area with a wide selection of drinks! All equipment is in great working order and serviced regularly. Menu consist of Appetizers, Fresh Salads, Burgers, Handhelds, Entrees, Steaks, Desserts and more. This is a corporate run restaurant…a new owner/operator with some creative advertising/market along offering daily specials, drinks specials, customer appreciation and joining the Chamber of Commerce, you have HUGE potential. This restaurant has so much more growth potential for the right operator and does not disappoint! A must see/must have business priced aggressively to sell! Turn-key operation only needing a new owner/operator!

Rent

$16,640 Gross

Down Payment

$175,000

Lease Period

2/2034

Reference Code

0824

Inventory Value

$40,000

Monthly Payment

$3,324.38

License Required

Food, Franchise, Class C

Hours Of Operation

Mon-Thu 11am-10pm / Fri-Sun 9am-10pm

Employees Full Time

15

Employees Part Time

23

Interest Rate / Amortization

8% int., amortized over 120 months

Reason for Selling

Health

Financials

Asking Price
$449K
RevenueMost Recent Year
$2.6M
EarningsLast Reported
Undisclosed
Assets Value
Undisclosed
Seller Financing
Not available

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