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.