Mom & Pop Breakfast Lunch Diner
Mom & Pop Breakfast Lunch Diner
This is a family owned and operated restaurant that has a great relationship with the local community as well as members of city government. The Mayor of Oak Park is a regular as well as local police officers. We've put 30+ years into building a thriving business, however, it's time for us to retire. We are hoping to pass this along to another family.
Location
Country: | USA |
State or Province: | MI |
City: | Oak Park |
Location Zip or Postal Code: | 48237 |
Listing Information
Service Type: | Sit-Down Table Service, Catering |
Title of Listing: | Mom & Pop Breakfast Lunch Diner |
Year Established: | 1990 |
Number of Locations: | 1 |
Number of Seats: | 51-150 |
Size: | 4,000, Square Feet |
Patio: | No |
Number of Employees: | Less than 10 |
Hours of Operation: | 7am-3pm Daily |
Growth or Expansion Opportunities: | Include Dinner Hours |
Reason for Selling: | Owners are ready to retire and have no family members to pass it on to. |
Owner Operated or Absentee Owner or Flexible: | Owner Operated |
Training Provided: | Yes |
Links
Link to Facebook Page: | https://www.facebook.com/coolidgecafe |
Link to TripAdvisor Review Page: | https://www.tripadvisor.com/Restaurant_Review-g42541-d445468-Reviews-Coolidge_Cafe-Oak_Park_Michigan.html |
Website: | coolidgecafe1.com |
Financial Details
Asking Price: | $450,000 |
Gross Revenue Range: | $500,000-$1,000,000 |
EBITDA Range: | $100,000-$300,000 |
SDE Range: | $100,000-$300,000 |
FF&E Value (Furniture Fixtures and Equipment) included in price: | Yes |
Inventory Value included in price?: | Yes |
Asset or Share Sale: | Asset |
Real Estate Owned or Leased: | Leased |
Lease Term Remaining: | 15 Years |
Total Monthly Rent: | $4,000 |
Contact Listing Owner
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