0 Brunch Restaurant & Cocktail LoungeBirmingham, MI 48009

Property Details for 0 Brunch Restaurant & Cocktail Lounge

Property size (Sq ft)

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.

Location Insight

City

Birmingham

County

Oakland

State

Michigan

Latitude

42.541

Longitude

-83.2131

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