Seller's Contact Information
- RE: Mediterranean/Greek Restaurant - Great Location
- Contact: Chris Bruner
Quick Facts
Asking Price: | $39,900 | |
Annual Revenue: | $759,275 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $155,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2018 | |
Employees: | 13 | |
BBN Listing #: | 796355279 | |
Broker Reference #: | 24876-592605 |
Business Overview:
The Mediterranean Franchise, located in a highly traveled and booming area of South Alabama, opened its doors in late 2018, providing a variety of healthy menu choices. Prepared from fresh ingredients, customers build pitas and bowls to their liking along with a variety of sides and desserts. The business has a catering side with an accessible website and phone app ordering.
The business has four full-time employees, with two of those being managers and nine part-time employees. The owner works approximately 25 hours a week, handling the payroll, employee schedules, bookkeeping, and staff hiring.
The business operates out of a beautifully updated 2,000 sq. ft. strip center with a monthly rent payment of $4,666.67. The sellers initially put well over $250,000 into FF&E and leasehold improvements/buildout of the occupied space.
If you would like to discuss this business with great opportunity, please contact Chris Bruner directly from this site for the quickest response time.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
Monthly Rent: $4,666.67
Square Units (Foot, Meter): 2,000
Lease Expiration Date: April 29, 2028, 10:00:00 PM
Terms Options: Three (5) year lease extensions available
FF&E General Condition: Great Condition
Reason for Selling:
family
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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