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Ferndale Restaurant w/ Class C Liquor License (Closed)

Oakland County, MI, USA
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Businesses For Sale | Other Restaurant, Food, & Alcohol Businesses For Sale

Listing ID : 2432043

Listed On January 17, 2025 View Count 8

Listing Updated January 17, 2025

Price :
$250,000
Business Overview :
Gross Revenue:
$200,000
Year Established:
2005
Inventory Included:
Yes
Estimated Value of Inventory:
$10,000
Accounts Receivable Included:
No
Furniture, Fixtures & Equipment (FF&E) Included:
Yes
Outstanding Liabilities & Debts:
No
License Included:
Yes
License Type:
Class C liquor
Business Location Details :
Business Location:
Leased
Rent:
$6,050
Type of Lease:
Triple Net Lease (NNN Lease)
Lease Expiration:
July 2025
Building Size:
3,200 Sq. Ft.
Property Details :
Terms :
Financing:
Cash
NDA Required:
Yes
Broker Co-Op:
No
Company Overview :
Franchise Overview :
Description :

We are pleased to bring to market a well-established restaurant/lounge with over 20 years of history. This location, opened by the seller in 2005, operated successfully until August 2024. Due to personal circumstances, the business was closed, and it is now being offered as an asset sale, including a valuable Class C liquor license, for a package price of $250,000.

The restaurant is fully equipped with all the necessary equipment to reopen as a restaurant or to transform into a concept of the new owner’s choice. Spanning approximately 3,200 square feet, the space offers over 75 seats in the dining area and an additional 10-15 seats at the fully built-out bar, which includes coolers, sinks, and other bar essentials.

This prime location is situated on Woodward Avenue in a bustling downtown area with thriving nightlife, residential homes, and apartments. The vibrant and growing local community makes this an exceptional opportunity for someone looking to establish a restaurant with a liquor license in a highly desirable Oakland County location.

The current lease runs through July 2025. However, the landlord has expressed a willingness to provide updated lease terms for a qualified buyer/tenant.

The seller is motivated and open to all offers, making this an outstanding opportunity for the right buyer.

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Capital Business Brokerage
License:6505300924
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