Mediterranean Restaurant for sale
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Turnkey Mediterranean restaurant for sale in the heart of downtown Milwaukee! Located at 753 N. Water Street, this established, profitable restaurant offers approximately 2,568 sq ft of space with seating for 80 guests, in a high-traffic downtown corridor surrounded by office buildings, residential developments, and entertainment venues.
The business generates strong, consistent monthly revenue, with significant seasonal upside during the summer months when multiple major downtown festivals bring substantial additional daily revenue to the area. The restaurant features a fully-equipped commercial kitchen, a warm Mediterranean-inspired interior, and a loyal customer base built over the past two years.
The sale includes all FF&E, kitchen equipment, POS system, and décor — a true turnkey opportunity. The current NNN lease runs through April 2029. Seller will provide up to 30 days of hands-on training and transition support, including introductions to all key suppliers, to ensure a smooth transition for the new owner.
This is an excellent opportunity for an experienced operator or first-time restaurant owner to take over a profitable, well-located concept with room for further growth through catering, delivery platforms, and expanded programming.
Owner is relocating focus to business ventures in Madison, WI. Serious inquiries only.
The business generates strong, consistent monthly revenue, with significant seasonal upside during the summer months when multiple major downtown festivals bring substantial additional daily revenue to the area. The restaurant features a fully-equipped commercial kitchen, a warm Mediterranean-inspired interior, and a loyal customer base built over the past two years.
The sale includes all FF&E, kitchen equipment, POS system, and décor — a true turnkey opportunity. The current NNN lease runs through April 2029. Seller will provide up to 30 days of hands-on training and transition support, including introductions to all key suppliers, to ensure a smooth transition for the new owner.
This is an excellent opportunity for an experienced operator or first-time restaurant owner to take over a profitable, well-located concept with room for further growth through catering, delivery platforms, and expanded programming.
Owner is relocating focus to business ventures in Madison, WI. Serious inquiries only.
About the Business
- Years in Operation
- 2
- Employees
- 10 (8 Full-time, 2 Part-time)
Increases seasonally during summer festivals - Facilities & Assets
- The restaurant occupies approximately 2,568 square feet in a prime downtown Milwaukee location at 757 N. Water Street, with seating capacity for approximately 80 guests. The space features a fully-equipped commercial kitchen, including a walk-in cooler, professional cooking line, and ventilation/exhaust system. The dining area showcases a warm, Mediterranean-inspired interior design that creates an inviting atmosphere for guests. The sale includes all furniture, fixtures, and equipment (FF&E), the point-of-sale system, kitchen equipment, and décor offering a true turnkey opportunity for the buyer. The property is leased under a NNN lease through April 2029, subject to landlord approval for lease assignment.
- Market Outlook / Competition
- The Mediterranean Joint is located in the heart of downtown Milwaukee at 757 N. Water Street, a high-traffic area surrounded by office buildings, residential developments, and entertainment venues. The downtown Milwaukee market continues to see strong growth in both daytime and evening foot traffic, supported by nearby attractions and a growing residential base.
While Mediterranean and Greek cuisine concepts are well represented in the broader Milwaukee market,demand for fresh,healthy dining options continues to grow,particularly among the area's young professional and urban demographic.The business further benefits from significant seasonal upside, with multiple downtown festivals throughout the summer drivingsubstantial additional daily revenue beyond normal operations.
The location's proximity to major venues, office campuses, and residential density provides a stable,diversified customer base round,with limited direct competition offering a comparable concept in this immediate area - Opportunities for Growth
- There is significant room for growth under new ownership. Potential opportunities include expanding catering services, increasing social media presence and delivery platform partnerships (DoorDash, UberEats, Grubhub), introducing happy hour or brunch programming to capture additional daypart revenue, and further capitalizing on the multiple summer festivals held near the location, which already generate substantial incremental revenue.
Additionally, the strong base of repeat customers and the prime downtown location provide a solid foundation for a new owner to introduce fresh marketing initiatives, private event bookings, or menu expansion to drive further growth.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,600
- Rent
- $4,500.00 per month
About the Sale
- Seller Motivation
- Owner relocating focus to other business ventures in Madison, WI.
- Transition Support
- Seller will provide up to 30 days of hands-on training and transition support following closing, at no additional cost to Buyer. This includes introductions to all key suppliers and vendors, guidance on recipes and food preparation, staff management, POS systems, and day-to-day operations to ensure a smooth transition for the new owner.
Listing Info
- ID
- 2302052
- Listing Views
Listing ID: 2302052 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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