Description
After more than 20 years of successful ownership, the owner of this well-known neighborhood Greek restaurant is preparing for retirement, creating a rare opportunity to acquire an established business with deep roots in the community and significant upside for a new operator.

This restaurant has earned a loyal following by serving authentic Greek cuisine to generations of repeat customers. Positioned along a busy commercial corridor with outstanding visibility and accessibility, the business benefits from consistent neighborhood traffic and a reputation built over decades.

The business currently generates approximately $500,000 in annual sales, with approximately 80% of revenue coming from takeout, providing a strong foundation while leaving substantial room to expand dine-in service, catering, alcohol sales, and other higher-margin revenue streams. Prior to COVID, weekly sales reportedly reached $10,000 to $15,000 per week, demonstrating the business's historical earning potential under the right ownership and operating strategy.

The restaurant occupies an efficient approximately 1,200-square-foot space with attractive occupancy costs of approximately $4,100 per month, including base rent and taxes (subject to lease verification). To help ensure a smooth transition, the landlord has indicated a willingness to extend the lease for a qualified new owner, providing valuable long-term stability for the business.

The restaurant is fully equipped and operating, allowing a buyer to begin generating revenue immediately without the expense, delays, and uncertainty of building a restaurant from the ground up. A key long-term employee is expected to remain after the sale, helping provide continuity throughout the ownership transition.

Whether you're an experienced restaurateur looking to expand your portfolio or an owner-operator seeking an established business with built-in goodwill, this opportunity offers an exceptional foundation for continued success.

Highlights
Owner-operated since 2004 (more than 20 years)
Retirement sale after decades of successful ownership
Approximately $500,000 in annual sales
Historical weekly sales of $10,000-$15,000 prior to COVID
Prime North Shore location with excellent visibility and strong traffic counts
Approximately 1,200-square-foot efficient footprint
Attractive occupancy costs (approximately $4,100/month, including base rent and taxes, subject to lease verification)
Landlord willing to extend the lease for a qualified new owner
Approximately 80% takeout business with loyal repeat clientele
Fully equipped commercial kitchen and dining area
Experienced staff in place, including a key employee expected to remain
Strong community reputation built over two decades
Turnkey operation with immediate cash-flow potential
Growth Opportunities
A motivated operator has numerous opportunities to build upon an already successful business:

Obtain a liquor license to increase average ticket size and evening dining traffic (subject to approvals)
Expand dine-in service while maintaining the restaurant's strong takeout business
Increase catering to local businesses, schools, churches, and private events
Grow online ordering, digital marketing, and customer loyalty programs
Expand third-party delivery and direct online ordering
Refresh branding and social media presence to attract new customers
Recapture historical sales levels through focused marketing and operational improvements
Ideal Buyer
This opportunity is ideal for:

Owner-operators seeking an established restaurant with immediate cash flow
Restaurant groups looking to expand on Long Island
Hospitality entrepreneurs who want to avoid the expense and risk of a startup
Family operators looking for a respected neighborhood business with a loyal customer base