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Businesses for Sale: Listing Details

 
PROFITABLE GREEK RESTAURANT FOR SALE
Seller: Attn: George Varghese
Location: Queens County, NY, USA
Listing Number: "10129"


Asking Price: $425,000 USD USA Dollars
Industry: Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling: Other Interests
Year Established: 2000
Number of Employees: 5FT/2PT
Yearly Revenue: $700,000
Yearly Cash Flow: $250,000
Yearly Net Profit: $250,000
Yearly Gross Income: $466,000
Monthly Payroll: $9,533

Overview:
The new owner can go home with $250K a year! With only $150K down, it's less than a 2 year return on your investment. A turnkey operation, anyone who is business minded and loves Greek food, can run this operation. A new owner has to learn the day-to-day operation and business will continue. This beautiful Greek restaurant offers the following to its new owner: prime location in beautiful and safe family oriented neighborhood, great return on investment with only $150K down and $250K net income that can payback the total investment in less that 2 years! This restaurant will make you feel like you are in a town in Athens, Greece! The decor is lovely, with pleasant wall images & colors inside the restaurant, sheltered seating outside in the rear, with flowery ambiance. Established in 200, this family business offers a variety of hot & cold appetizers like Melizanosalata (eggplant dip) and Keftedakia (Greek breaded meatballs) among many others, a variety of soups and salads, sandwiches like Falafel & Seftelia, and mouth watering entrees and specialties along with delicious desserts! They also do catering for every occasion. Due to the value in asking price, equipment, net income and low down payment required to acquire this operation - this won't last!

Property Features and Assets:
Beautifully decorated restaurant in safe, family neighborhood with 1,200 square foot of space.

Market Competition and Expansion:
Owner has a lot of equity in the market. People know this restaurant and the current owner enjoys the market niche with lots of repeat customers.

Additional Details:

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