Greek Diner in College Town

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Asking Price:
$250,000

Gross Revenue:
$341,581
Cash Flow:
$127,038
EBITDA:
$83,088
Inventory:
$5,000
not included in asking price

FF&E:
$100,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

A highly visible authentic Greek Diner located in college town. The owners have done the heavy lifting to create the space and build the business to a very profitable level. Family reasons are forcing a sale. The right buyer will be able to continue the success of the operation. In addition to traditional Greek diner, profit comes from a morning bagel and coffee shop as well as seasonal festivals, farmers markets and catering. All of these avenues can be expanded with minimal effort to increase revenue.

About the Business

Location:
Morgantown, West Virginia
Year Established:
2014
Number of Employees:
3 FT, 4 PT
Facilities:
Corner location on main floor seats 40 inside with cafe' style outdoor seating. A second dining area offers bagels and coffee in the morning.
Website:
www.thegreekswv.com/about.html
Market Outlook/
Competition:
Very little competition in town for healthy and authentic Greek Food. Only restaurant in large student apartment complex with somewhat of a captive audience. Great income with a schedule that allows for time off!
Growth & Expansion:
Plenty of kitchen space and seating space to grow on site. The addition of a food truck would build upon "The Greeks" brand awareness. Food truck expansion is in place.
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About the Sale

Reason For Selling:
Family issues include death in the family as well as divorce.
Training/Support:
Owner is willing to stay to facilitate a smooth transition.
Seller Financing:
150,000

Listing Info

ID:
1577938
Ad Detail Views:
0

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Business Listed by

Thomas Long

Sunbelt of Morgantown

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Sponsoring Broker:

John Lichter
Sunbelt of Morgantown

U.S. Census Data for Monongalia County, WV
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Monongalia County, WV
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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