Mediterranean Greek Restaurant – Queens, New York

Price: $225,000

Location: Queens, New York

Industry: Food and Restaurants

Listing ID: 03212023

Very profitable new trendy Greek restaurant in Queens, New York maintains strong year – round sales. This restaurant represents fine culinary traditions and ingredients from Greece, Southern Italy, Spain and Mediterranean. The menu is extensive which includes fresh daily skewers, beef, and chicken, kebabs, salads, fish, and much more.

 

The business operates in 1,875 sq ft facility in addition to outdoors.  Located off a high traffic neighborhood area with nearby shops and restaurants.

 

This restaurant is approved to operate by the Department of Health and has beer and wine license. It provides delivery through Grubhub, UberEats, DoorDash and Seamless. This business is currently open 7 days a week.

 

This business benefits from excellence in customer service. It is priced to sell with a highly motivated owner. The Seller will provide hands on training to ensure a smooth transition.

 

For more information, please contact: msussman@inbargroup.com

 

  • Asking Price: $225,000
  • Annual Cash Flow: $95,000
  • Gross Revenue: $675,000
  • Inventory at Cost: $6,250
  • FF&E: $50,000
  • Building Size: 1875 Sq Ft + Outdoor Seating for 40 People
  • Monthly Rent: $3,850
  • Security Deposit: $11,200
  • Down Payment: Negotiable
  • Payroll: $16,000 per Month
  • Number of Employees: 15 FT
  • Days Open: 7 Days
  • Established: 2014

* Reason for selling: Owner is seeking retirement.

Listing Details

Gross Revenue: $675,000

Cash Flow: $95,000

FFE: $50,000

Inventory: $6,250

Reason For Sale:

Seller is seeking retirement.

Training & Support:

Seller will provide training and support to ensure a smooth transition.

Operation

Year Established: 2014

Days & Hours of Operation: 7 days week

Non-Owner Payroll: $16,000

Employees: 15

Location

Security on Lease: 11200

Monthly Rent: 3850

Type of Location: Single Location.

Square Footage: 1875

Summary

Potential Growth:

There is plenty of room for potential growth and expansion.