Highly Profitable Mediterranean Restaurant, Big Cash Cow!

Price: $259,000

Location: Brooklyn, NY

Industry: Food and Restaurants

Listing ID: 1212020

This is a fast, casual restaurant business with a quaint and easily accessible location in the Brooklyn area. The business does a steady, high volume of quality Mediterranean style food featuring mezes, classic falafel, salads, beef, lamb, chicken dishes, hummus dishes, and much more. In addition, the business has a state Liquor Authority Wine and Beer license. They have been receiving excellent reviews for 10 years.

Business has a small footprint 400 sq foot location with both indoor and outdoor dining. The majority of sales are takeout and orders are placed and received online. Presently, they are only doing outdoor dining and 100% of sales are online since the onset of Covid-19. The seller has received a grant to build an outdoor, heated dining area for winter months, but it may not be needed given the high volume of online and take out sales.

The business philosophy is simple. They strive to make sure their cuisine is authentic, keep it interesting, and serve it fresh every day. They use high quality, local, and all-natural produce daily. They value fairness and sustainability and strive to use recyclable or compostable materials wherever possible. They are very well known in this part of Brooklyn and have a very loyal and growing customer base. Much of their menu is vegan and can be made gluten free. Additionally, all non-vegetarian dishes are prepared with separate utensils, fryers, and pans.

  • Asking Price: $259,000
    • Annual Cash Flow: $291,000
    • Gross Revenue:$570,000
    • FF&E: $20,000 (Included in purchase price)
    • Inventory at Cost: $5,000 (Included in purchase price)
    • Employees: 5 Full-Time 2 Part-Time
    Monthly Rent: $2,800
    • Payroll: $4,800
  • Building Size: 400 Sq Ft
    • Hours of Operation: Closed Mondays. Sun, Tues, Wed, Thur 11 am to 9 pm, Fri, Sat 11am to 10pm
    • Established:10 Years
    Key Employees: Willing to stay on board
    • Reason for Sale: Relocating

Listing Details

Gross Revenue: $570,000

Cash Flow: $291,000

Inventory: $5,000 (Included in Price)

Reason For Sale:

Owner is seeking other interest.

Training & Support:

Owner will train and support.

Operation

Year Established: 2015

Days & Hours of Operation: Hours of Operation: Closed Mondays. Sun, Tues, Wed, Thur 11 am to 9 pm, Fri, Sat 11am to 10pm

Employees: 5 Full-Time 2 Part-Time

Location

Monthly Rent: 2,800

Type of Location: Single location

Square Footage: 400

Summary

Potential Growth:

Plenty of room for potential growth.