New Price! Profitable Mediterranean Grill or Conversion

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Asking Price:
$99,000

Gross Revenue:
$237,475
Cash Flow:
$57,838
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Here’s your opportunity to step into a successful Mediterranean Grill style restaurant in a nice area. This grill restaurant could make a great business for first-time owners because it has a simple menu, reasonable rent and a long history with many years of good will to tap into.

The restaurant benefits for its location in a major retail area of Sacramento. The shopping center has other restaurants, entertainment and retail businesses that pull customers off of the high-volume street (32k + ADT) it faces.
This restaurant is the go-to lunch stop for many workers from the offices and retail business in the surrounding area. It is also a nice choice for shoppers looking for a quick healthy dinner option. The menu features fresh salads, deli style sandwiches and Mediterranean classics like gyros and falafel keep them coming in every week, often more than once or twice for their biggest fans. The restaurant is open 6 days per week for lunch and dinner hours.
An ABC Type 41 Beer & Wine license is included in the asking price.

The working owner has been very pleased with the long term success of his business but he is ready to pursue a career in a new field so the time has come to sell. This could continue as with the current Mediterranean concept or it could be considered for a cost-effective conversion to a new concept.

Interested? Please complete our Confidentiality Agreement/NDA form to request the name and address.
Please see our brokerage page for the NDA form to complete online or send a request through this ad.
Once we receive your Confidentiality Agreement/NDA form, we will send you information with the name and street address and other details.
This is a Confidential Listing so please Do Not Disturb the business or employees during business hours.
Tours are by appointment only.

We look forward to talking with you about this exciting opportunity!

About the Business

Location:
Sacramento, California
Number of Employees:
1FT + 1PT staff
Real Estate:
Leased
Building Sq. Ft.:
1,300
Rent:
$2,702.00 Per Month
Lease Expiration:
11/30/2024
Facilities:
Space is approx 1300sf with a Full Kitchen with Hood/Ansul and Grease trap.
Below Market Rent at $1.53/sf base + $.55/sf CAM/NNN = Total Rent $2,702.
Market Outlook/
Competition:
Very busy location in major retail and entertainment hub in Sacramento Area. Center faces a very busy street with over 31k ADT.
Growth & Expansion:
This could continue with the current Mediterranean Concept or be considered for a cost effective conversion to something new.
Contact the Seller

About the Sale

Reason For Selling:
Changing careers
Training/Support:
Seller is offering 2 weeks @ 40 hours Training and Transition time.

Listing Info

ID:
1548868
Ad Detail Views:
232

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Business Listed by

Tricia Bernhardt

Restaurant eXchange
License# 01168790

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