INCREDIBLE PRICE Successful Mediterranean Restaurant

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Asking Price:
$200,000

Gross Revenue:
$426,767
Cash Flow:
$189,567
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Successful Eight-Year-Old Highly Rated Mediterranean/Middle Eastern Restaurant is being sold because a family member has been transferred to another state. The owner has hired and trained a quality staff, to such a degree, the restaurant almost runs itself. A good percentage of the staff have been with the restaurant for years, proving the great management skills of the current owner.
The restaurant is known for its healthy, tasty, fresh and authentic Mediterranean and Middle Eastern cuisine. While the restaurant is a beautiful and comfortable spot for dining, the restaurant also has an incredible and consistently growing app driven delivery business (Grubhub/Eat24, Cavier, Door Dash, Beyond Menu, Post Mate and EZ Caterer).
The owner has established some very beneficial relationships and contracts with his vendors and will work with the new owner to introduce him to his suppliers.
This is a great opportunity for a new owner to walk into a turnkey business and immediately make money. A new owner should be able to pay for his investment in less than two years. Take advantage of this great opportunity to purchase this restaurant at this incredible price.

About the Business

Location:
Philadelphia County, Pennsylvania
Real Estate:
Leased
Building Sq. Ft.:
1,800
Rent:
$1,590.00 Per Month
Facilities:
Restaurant with Full Basement

The Restaurant is an eight-year-old BYOB Mediterranean/Middle Eastern restaurant that serves healthy, fresh and delicious food in a beautiful setting. The owner lovingly built the restaurant by hand even importing some of the decorations from Tunisia, the country in which he was born. In addition to serving eat in customers the restaurant has a large take-out and a fantastic and growing app driven delivery business powered by Grubhub and Eat24.
The owner prides himself with the excellent working relationships with his staff, vendors and landlord and it shows in the care and pride the staff handles themselves. Most restaurateurs would love to be able to say the same.
Market Outlook/
Competition:
There are many reasons for the success of the restaurant but the most important which have allowed this Mediterranean to become what it is are the owner’s ability to have earned and maintained the respect of his staff, his ability to negotiate not only a great lease and terms with his vendors and his ability to, by his own hands (with some additional professional help), build a beautiful restaurant. All of these factors allowed the restaurant to have lower startup and operating costs. These efficiencies have allowed the owner of the restaurant to use the best and freshest ingredients while maintaining a relatively low-cost menu. The current owner would work with his vendors and landlord to ensure a smooth transition for the new owner.
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About the Sale

Reason For Selling:
Family moving to another state due to family member's job relocation
Training/Support:
3 weeks

Listing Info

ID:
1598013
Ad Detail Views:
0

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Business Listed by

Richard Collins

TransWorld Business Advisors

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