Mediterranean Restaurant in Kings County-24764

Not Disclosed, NY
Kings County

Asking Price: Annual Revenue:
$225,000 $350,231

Food & Beverage: Miscellaneous

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RE: Mediterranean Restaurant in Kings County-24764 Broker: Melvin L. Vaz
Owner Financing is Available!
$225,000.00 Down & Possible for a Qualified Buyer.

Quick Facts

Asking Price: $225,000
Annual Revenue: $350,231
Net Profit: Not Disclosed
Cash Flow: $74,717
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 10
BBN Listing #: 66734447
Broker Reference #: 24764

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Business Overview:

Mediterranean Take-Out - Prime Location. This is a gourmet business that has been established for 3 years with a very loyal and growing clientele. The location is fantastic. They offer 15 seats plus counter seating in a 400 square feet space. It has a great ambiance with dark stained oak wood. All kitchen equipment was bought brand new 2.5 years ago and in perfect working condition. All included in sale. The business is run on a very part-time basis by the current owner. He is only there 8 hours per week. The rent is only $2,600/month and there are 7.5 years left on the current lease. In the past 12 months the business has grossed approximately $380,000.00 with a net income of approximately $74,717.00. This is ideal for a first time restaurateur or owner/operator. We are seeking a buyer with at least $225,000 in liquid funds. Contact broker for more information. Please use email reply button of this ad to contact us.

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Reason for Selling:

Owns another business.

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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