Greek Restaurant-Priced BELOW 1X's Cash Flow!

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Asking Price:
$175,000

Gross Revenue:
$845,000
Cash Flow:
$203,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This 2,500 square-foot BYOB Greek restaurant is located in the heart of a downtown area with parking for 12.

Well-established with a good reputation in the area seating for 63 as well as an outside area.

This location serves breakfast (15%), lunch (55%), dinner (26%) & catering (4%).

Owner keeps good records and can prove documentation that supports financial information.

Rent- $4,500 / month. Includes CAM

This restaurant is fully staffed with 4 full-time kitchen staff & 5 part time wait staff that have been with the restaurant a long time

Excellent reviews from various magazines and news media outlets including Zagat and The New York Times.

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We are always in search of quality businesses for our buyers. If you're a business owner thinking of selling your business, please email or call us: mike@njbrokerplus.com - 201-745-3976

About the Business

Location:
Passaic County, New Jersey
Year Established:
2012
Number of Employees:
10
Facilities:
2,500 sq. ft. restaurant with seating for 63; long lease; available parking for 12 with additional outside seating
Growth & Expansion:
New owner can expand catering business
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About the Sale

Reason For Selling:
seller prefers to focus on other restaurants owned
Training/Support:
Two weeks / negotiable for smooth transition of new ownership

Listing Info

ID:
1585110
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Business Listed by

Mike Janis

NJ Brokers Plus LLC.

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