Well Established Restaurant in East Lansing

Undisclosed Address, East Lansing, MI
Business Opportunity for Sale
Catylist Listing ID: 30393675
Property Subtypes: Food and Beverage
Building Size (RSF): 5,100 SF
Sale Price: $425,000
Year Business Established: 1995
Gross Revenue: $1,200,000 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 3/31/2020

Overview / Comments

Established in 1995 and located minutes from MSU, this restaurant has been serving East Lansing with fresh authentic mediterranean food for over 23 years. Includes all FF&E, large professional kitchen with two hoods, 12' and 7', multiple prep stations, and all necessities. Large, beautifully decorated seating area. Profit and loss statements available upon request.

Gross Sales
2015 $1,117,651
2016 $1,211,589
2017 $1,122,650
2018 $1,200,000

Additional Details

Industry Segment: Restaurants
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: $6,700/month includes NNN charges

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 30,294 98,113 189,337
Median Age: 23.58 30.01 32.75
Households: 6,563 36,354 75,877


Photograph of Listing Agent

Todd M. Kosta

Woodworth Commercial LLC
CPIX Member
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