Asking Price: $99,000 Gross Revenue: $237,475Cash Flow: $57,838 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Number of Employees:
1FT + 1PT staff
Building Sq. Ft.:
$2,702.00 Per Month
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.
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.
New Price! Profitable Mediterranean Grill or Conversion
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 & Conditions.