Profitable Fast Food Greek Restaurant

Not Disclosed, NJ
Union County

Asking Price: Annual Revenue:
$365,000 $725,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Profitable Fast Food Greek Restaurant Broker: Seth Kain

Quick Facts

Asking Price: $365,000
Annual Revenue: $725,000
Net Profit: Not Disclosed
Cash Flow: $216,615
Total Debt: Not Disclosed
FF&E: $70,000
Real Estate: Not Disclosed
Year Established: 8
Employees: 13
BBN Listing #: 48612979
Broker Reference #: 6261SK

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Business Overview:

Beautifully-renovated made-to-order Greek restaurant in the heart of a very busy intersection. Plenty of parking in a lot with some other storefronts. (3) partners have other more lucrative business interests prompting the sale. SALES BREAKDOWN: 50% Take Out, 25% Delivery, & 25% Dining In. Present owners did well being open (7) days per week, but, cut back to (6) to spend time with their families. New owner can open up on Sunday's to generate more business. FURNITURE, FIXTURES, & EQUIPMENT in very good condition valued @ +/- $70,000 included in sale. OTHER EXPENSES: Office Supplies $1,200, Pest Control $660, Misc. $3,400 = $5,260. Owners are willing to finance a lesser portion. Projected financials for 2018. Contact Seth Kain for more details & showing.

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Property Features and Assets:

2,200 square feet. There's free parking in a lot in the front of the building + some other spots in front of other stores nearby. All furniture, fixtures + equipment are in very good condition. There are 4 years left on present lease + 4 five-year options. A qualified buyer can do a lease assumption through the landlord.

Market Competition and Expansion:

There's no direct competition for Greek food in the same town. Especially for the wide variety of barbecue chicken + ribs. A new owner should open up on Sunday's. The previous owner did extremely well when the place was open 7 days a week. Some advertising + promotion would help to boost gross sales + profits.

Reason for Selling:

Partners have other more lucrative businesses.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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