MergerPlace

Very Profitable Greek Restaurant!

Union, New Jersey (Union)


  • Asking Price: $395,000
  • 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

Priced to Sell with negotiable terms! 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. Two 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. Projected financials for 2018. Contact Seth @ 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: $395,000
Gross Revenue: $725,000
Cash Flow: $216,615
FF&E: $70,000
Inventory: $5,000
Seller Financing Available: Yes

Property Information

Facilities:

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.

Competition:

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