Turn-Key Downtown Detroit Restaurant & Bar Acquisition
Business Description
Incredible opportunity to acquire this beautiful newly constructed modern Mexican dining and drinking experience, Nuevo Seoul. A hip and completely original Korean inspired Mexican Restaurant & Bar; at the heart and core of the steadily exploding Downtown Detroit Central Business District. This acquisition includes the Liquor License, Furniture, Fixtures, Equipment and all Inventory on premises.
The acquisition is being offered at $910,000.00 and the new owner / purchaser will assume the lease, which commenced July 2021, at a lease rate of $8636.00 per month NNN through 2026.
The Initial Lease Term is 10 years with (2) 5 Year Renewal Options.
The 3,994 square foot space is an incredible blend of indoor and covered heated outdoor space ~ fronting a charming and inviting pedestrian friendly alley. No expenses spared in this hip, modern and vibrant establishment, featuring a totally unique Mexican and Korean inspired menu, and a cozy stylish bar with a carefully curated tequila and mezcal selection. The heated enclosed outdoor patio is ideal for daytime and evening gatherings.
Attractive financing solutions / packaging readily available to qualified purchasers.
The acquisition is being offered at $910,000.00 and the new owner / purchaser will assume the lease, which commenced July 2021, at a lease rate of $8636.00 per month NNN through 2026.
The Initial Lease Term is 10 years with (2) 5 Year Renewal Options.
The 3,994 square foot space is an incredible blend of indoor and covered heated outdoor space ~ fronting a charming and inviting pedestrian friendly alley. No expenses spared in this hip, modern and vibrant establishment, featuring a totally unique Mexican and Korean inspired menu, and a cozy stylish bar with a carefully curated tequila and mezcal selection. The heated enclosed outdoor patio is ideal for daytime and evening gatherings.
Attractive financing solutions / packaging readily available to qualified purchasers.
About the Business
- Years in Operation
- 3
- Number of Employees
- 35
- Facilities & Assets
- Prime location, heart of Downtown Detroit CBD
Fully Equipped, Turn Key Ready
Liquor License + Premium Furniture, Fixtures, Equipment and Inventory Included
Impressive Premium 'Chef' Kitchen equipped with Premium Top of the Line Equipment
Extraordinary Interior + Exterior Design
Enclosed Outdoor Year Round Alley Space
Gorgeous impeccably restored historic mixed use building
Stylish Cozy Bar and hip uniquely modern interior atmosphere, palette and finishes
State-of-the-art HVAC, Kitchen and building systems
Attractive Financing Package Available
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,994
- Rent
- $8,636.00 per month
- Lease Expiration
- 7/13/2026
About the Sale
- Seller Motivation
- Focus on rapidly expanding core restaurant brand.
- Transition Support
- Current ownership readily available to support transition.
- Financing Options
- Attractive Financing Solutions / Packaging available to qualified purchaser.
Listing Info
- ID
- 2308241
- Listing Views
- 2165
Attached DocumentsAttachment Disclaimer
Lino_Realty_Nuevo_Seoul_Offering_Brochure.pdf
Business Location
Listing ID: 2308241 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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