Gyros, Burgers & Wraps - Private Fast Food -25229

Nassau County, NY
Nassau County


Asking Price: Annual Revenue:
$89,000 $279,448

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Gyros, Burgers & Wraps - Private Fast Food -25229 Broker: Melvin L. Vaz

Quick Facts

Asking Price: $89,000
Annual Revenue: $279,448
Net Profit: Not Disclosed
Cash Flow: $43,692
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 5
BBN Listing #: 43264447
Broker Reference #: 25229

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Business Overview:

Gyros, Burgers & Wraps - Private Fast Food. SALE DUE TO HEALTH PROBLEM! Franchisable Concept. They offer flavorful upscale-casual Greek & American-style dishes prepared from the finest ingredients sourced from around the world. The current owner built this location from scratch with all new equipment from the kitchen to the floors. The business has shown sales growth week to week, but the owner is forced to sell due to a medical condition. In the past week sales were approx. $6,600. That is $1,000 more than the week before and the busy Summer months have not even started. This is a 800 sq. ft. location that is mainly take-out and delivery with seating for 18-20, plus outdoor seating. Sales will explode in the Summer as it is connected to a major park, just a fee yards away. It offers parking for over 100 cars in a strip mall. The facility is spotless. THERE ARE 14 YEARS LEFT ON THE LEASE WITH A RENT OF ONLY $2,250/MTH. (incl taxes). 2014 Gross Sales are estimated to be over $300K. This is an easy-to-operate, low-overhead business. General expenses - Utilities - $15,600/yr., Insurance - $3,900/yr., Accounting - $2,500/yr., Phone, Cable, Internet - $2,200/yr.,Payroll - $57,200/yr. The owners is flexible and motivated. We are looking for a buyer with restaurant experience who will be hands-on.

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Reason for Selling:

Personal

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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