Greek Restaurant - Net Income $165k, Asking Price $250k!
Business Description
This established Greek restaurant presents a compelling acquisition opportunity in South Jersey's prime commercial district. Operating successfully for over 11 years, the business has developed a strong community presence and loyal customer base in a high-traffic retail environment.
Facility & Operations:
The restaurant occupies a 3,000 square foot space within a prominent strip center, featuring recently renovated interiors and professional-grade kitchen facilities. The establishment accommodates 100+ guests across multiple dining configurations, supporting dine-in, takeout, and delivery services. All kitchen equipment and restaurant furnishings are included in the transaction and maintained in operational condition.
Location Advantages:
Strategically positioned in a bustling commercial corridor surrounded by established businesses and local attractions. The location benefits from substantial foot traffic, ample parking availability, and convenient highway access, contributing to consistent customer flow and operational accessibility.
Financial Performance:
The business generates $165,000 in net income based on owner-operator management working 50 hours weekly without drawing salary, prior to debt service obligations. With an asking price of $250,000, the valuation represents less than 2x annual earnings, presenting favorable acquisition metrics for qualified buyers.
Revenue Streams:
Diversified income sources include traditional dining service, takeout operations, delivery services, group dining, and catering opportunities. The establishment serves as a community gathering space for special events and large party accommodations.
This turnkey operation offers immediate cash flow potential with established systems, trained staff, and proven market position. The business model provides scalability opportunities for expansion-minded operators seeking to enhance operational efficiency and revenue growth.
Facility & Operations:
The restaurant occupies a 3,000 square foot space within a prominent strip center, featuring recently renovated interiors and professional-grade kitchen facilities. The establishment accommodates 100+ guests across multiple dining configurations, supporting dine-in, takeout, and delivery services. All kitchen equipment and restaurant furnishings are included in the transaction and maintained in operational condition.
Location Advantages:
Strategically positioned in a bustling commercial corridor surrounded by established businesses and local attractions. The location benefits from substantial foot traffic, ample parking availability, and convenient highway access, contributing to consistent customer flow and operational accessibility.
Financial Performance:
The business generates $165,000 in net income based on owner-operator management working 50 hours weekly without drawing salary, prior to debt service obligations. With an asking price of $250,000, the valuation represents less than 2x annual earnings, presenting favorable acquisition metrics for qualified buyers.
Revenue Streams:
Diversified income sources include traditional dining service, takeout operations, delivery services, group dining, and catering opportunities. The establishment serves as a community gathering space for special events and large party accommodations.
This turnkey operation offers immediate cash flow potential with established systems, trained staff, and proven market position. The business model provides scalability opportunities for expansion-minded operators seeking to enhance operational efficiency and revenue growth.
About the Business
- Employees
- 9 (3 Full-time, 6 Part-time)
- Facilities & Assets
- Charming dining space, fully equipped kitchen, deep freezers & equipment & more. Leased location in a busy strip center with ample Parking!
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,000
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Seller is willing to provide 2 weeks of training to the buyer to ensure smooth transition.
Listing Info
- ID
- 2517016
- Listing Views
- 122
Listing ID: 2517016 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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