Beverly - Lunch - Dinner - Greek and Mediterranean

Beverly, MA
Essex County

Heavily Trafficked Area


Asking Price: Annual Revenue:
$200,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Beverly - Lunch - Dinner - Greek and Mediterranean Broker: Betsy Masucci
Owner Financing is Available!
Down Payment: $100,000.

Quick Facts

Asking Price: $200,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2019
Employees: Not Disclosed
BBN Listing #: 900319596
Broker Reference #: EM0127

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Business Overview:

BEVERLY BREAKFAST-LUNCH-DINNER GREEK AND MEDITERRANEAN CUISINE

SELLING PRICE: $200,000                                 
DOWN PAYMENT:  $100,000
SALES VOLUME:  Now $7,000…had been doing $15,000+/week
LEASE: $6,000/month + NNN                                         
Years LEFT: 10 years + 5 option
Right of First Refusal on the real estate. 
SQUARE FOOTAGE:   4,000 square feet footprint + 400 square feet on 2nd floor for storage and office
 
HOURS OF OPERATION: Closed Monday,
OPEN Sunday: 7AM - 3PM; Rest Of the Week: 7AM - 8PM 
SEATING:  130 seats…includes 13 seats at bar 
REASON FOR SELLING: Significant family health issues.
COMMENTS:  This is one of the nicest food operations on the north shore…exceptionally clean with excellent equipment and SOLID reputation. Seller has invested over $300,000 bringing it up to where it is today. Seller has reserved the right to increase the price once Covid-19 is no longer an issue and sales return to normal. Private parking across the street.
 
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Property Features and Assets:

Clean and well-equipped kitchen. Separate areas conducive to private parties.

Market Competition and Expansion:

Minimal competition in the area. None serve all three meals, plus a bar. The new owner could open on Monday to increase volume.

Reason for Selling:

Family Health Issues.

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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