Profitable Greek Restaurant

Union, New Jersey (Union)

  • Asking Price: $365,000
  • Gross Income: $725,000
  • Cash Flow: $216,615
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $70,000
  • Listing ID: #210444
  • Established: 2010
  • Employees: 5FT 8PT

Business Description

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 @ 201-317-4710 for more details & showing.

Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: New Jersey
Metropolitan Area: Union
County: Union

Company Information

Year Established: 2010
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5FT 8PT

Financial Information

Asking Price: $365,000
Gross Revenue: $725,000
Cash Flow: $216,615
FF&E: $70,000
Inventory: $5,000
Seller Financing Available: Yes

Property Information


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.

Growth & expansion opportunities:

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.


There's no direct competition for Greek food in the same town. Especially for the wide variety of barbecue chicken + ribs.

Reason for selling:

Two partners have other more lucrative businesses.

Support & Training:

2 weeks of training at no cost at all for a new owner.

Contact Business Seller

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Business Listed By:

Seth Kain

Executive Business Brokers