Middle Eastern Fast Casual Restaurant (Very Profitable/Semi-Absentee)

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Business Description

This rapidly growing Middle Eastern fast casual restaurant opened in 2014 and had immediate success selling Middle Eastern fast casual street food in a Chipotle style assembly line fashion that gets the on the go customer its food very quickly. The customer base is diverse and the restaurant is well known throughout Hampton Roads, and especially to the local military population as the place to get the Middle Eastern fast casual street food that they enjoyed overseas. Currently the store, which has a well paid full time manager, is operated almost completely absentee with the owner focusing mostly on systems management and rarely working in the store. The store is extremely profitable and the revenues and cash flow continue to grow at a very rapid clip. Also the restaurant has limited hours and days of operation which is a benefit to the purchaser. The restaurant has a very strong niche business and fantastic brand recognition, so it is conducive to opening multiple locations. Lastly, this highly rated restaurant on Yelp and Facebook is totally turnkey and has a great lease and location.

About the Business

Year Established:
2014
Number of Employees:
7 FT & 3 PT
Facilities:
A recently renovated approximately 3,290 sq. ft. space located in a highly desirable/high income section of Norfolk. The highly visible store is located with frontage on a very busy roadway. the base rent is $4,729/month
Growth & Expansion:
Chipotle style assembly fashion makes food quickly available to on the go customers looking to eat and go...
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About the Sale

Reason For Selling:
Owner relocating out of area.
Training/Support:
Seller will provide.

Listing Info

ID:
1561045
Ad Detail Views:
106
Asking Price:
$549,500

Gross Revenue:
$1,060,554
Cash Flow:
$205,099
(Seller's Discretionary Earnings)

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

FF&E:
$70,000
included in asking price

Real Estate:
 Not Disclosed

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Business Listed by

Ross Weinstein

S. L. Nusbaum Realty Co., Business Brokerage Services

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Source: Decennial Census (2010), United States Census Bureau.

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