Restaurant for Sale in Lake Worth - Greek Concept with $90,000 annual

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. Sellers are ready to retire, but will train you for your success!
Asking Price:
$75,000

Gross Revenue:
$281,895
Cash Flow:
$98,149
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Greek style Florida Restaurant for Sale in Lake Worth has supported the owner and his family for twenty two years. Sellers are ready to retire, but will train you for your success!
With gross sales of more than $315,000, rent below $2,500. and low labor costs this Florida Restaurant for Sale has been a consistent money maker for the sellers. In 2017, the sellers discretionary income was in excess of $90,000! The current business model has no social media presence, no advertising, and does not deliver. By adding delivery to the local area, advertising, and implementing a social media presence you could increase sales and profits tremendously.
This Greek restaurant offered by the Restaurant Brokers, has a charming atmosphere and fully equipped commercial kitchen. The sellers have operated this business since its inception twenty-two years ago and are ready to retire. Family owned and operated this business is perfect for a husband and wife team. Online reviews are excellent, and the restaurant is known for its food quality, portion sizes, fair prices, along with friendly family service. The sellers and two family members make up the staff along with four additional employees during the busy season. The sellers will remain long enough for you and your new staff to be trained in the operation of the business. The sellers will even stay as employees long enough for you to hire and train a full staff if you desire!
The 1,650 square foot Florida Restaurant for Sale seats 62 guests comfortably. The location is on a very busy road with more than 45,000 vehicles per day passing by! The shopping plaza has more than 38,000 square feet of retail space and features a popular bank, restaurants, retail, and service providers. The rent of $2,481 is below market and includes trash removal. The lease expires in December of 2022.
The fully equipped commercial kitchen has everything you will need to continue the success of this family run business. The kitchen features a 16-foot exhaust hood, grease trap, six-eye burner with stove, char-broiler, flat-top, fryer, salamander, and gyro cooker. The refrigeration is commercial grade and includes a walk-in cooler and ice machine.
The front of house is charming and is decorated in the Greek colors of blue and white. This Florida Restaurant for Sale also has two dining areas separated by a wall with an arched walk-way, and two cut-outs that match the walk-way. The seating accommodates 62 guests with seating for another 7 on three outdoor tables. The lighting is pleasant, and the artwork makes you feel at home.
The menu features lunch and dinner daily specials. This Florida Restaurant for Sale's recipes have been developed and used for decades, as this family started its first Greek restaurant in Long Island more than 30 years ago! All recipes will transfer, and training will be done by the sellers to insure that the quality and standards remain high.

About the Business

Year Established:
1996
Number of Employees:
4
Real Estate:
Leased
Building Sq. Ft.:
1,650
Rent:
$2,475.00 Per Month
Lease Expiration:
6/30/2023
Facilities:
15 tables 63 chairs 3 outdoor tables 7 outdoor chairs television 3 high chairs 2 neon signs cash register 2 beverage coolers coffee brewer table top steamer 2 microwaves 2 two door sandwich coolers equipment stand gyro cooker food warmer char broiler flat top fryer six eye burner with stove salamander 16 ft exhaust hood walk-in cooler 2 door stand up freezer three compartment sink dish machine 2 prep tables 20 quart dough mixer ice machine freezer chest s s shelving two wheel dolly utility cart assorted pots pans smallwares
Website:
wesellrestaurants.com
Market Outlook/
Competition:
This Greek Restaurant has been operating under the same name in the same location by the same family for twenty-two years Great online reviews New owner can add to base by adding a marketing program
Growth & Expansion:
Shopping plaza sits on highly commercial road surrounded by residential communities Advertising and addition of delivery service will increase sales dramatically
Contact the Seller

About the Sale

Reason For Selling:
Retirement
Training/Support:
Owner will train for two weeks at no additional cost

Listing Info

ID:
1540517
Ad Detail Views:
1114

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Business Listed by

Ken Eisenband

We Sell Restaurants
License# BK3249847

 Show Phone Number

View My 33 Active Listings
Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

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