Palm Beach County Greek Mediterranean Cuisine $299k

Asking Price$299,000

Cash Flow
$104,920
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$663,000

Inventory$4,000
Included in asking price
FF&E$295,000
Included in asking price
Indoor Oliv PitSave

Palm Beach County Greek Mediterranean Cuisine $299k


Asking Price$299,000

Cash Flow
$104,920
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$663,000

Inventory$4,000
Included in asking price
FF&E$295,000
Included in asking price

Seller Financing Available
Business Description
This well-established Mediterranean restaurant offers an incredible opportunity for a new owner to step into a thriving business known for its high-quality Greek cuisine. With a carefully crafted menu featuring authentic flavors, fresh ingredients, and a loyal customer base, this restaurant has become a go-to spot for both locals and visitors seeking a true taste of Greece. Bring your menu, make your improvements. Low rent $45/p.s.f. call now.

The inviting dining space includes 67 indoor seats and a beautiful patio with additional seats, creating a warm and welcoming atmosphere for guests. The Landlord has expressed expanding the patio for more seating if buyer wants to add more outdoor seating. The combination of indoor and outdoor seating provides flexibility for year-round dining, enhancing the restaurant’s appeal and revenue potential. The current owner may stay on for a short period to assist with the transition, ensuring a seamless handover for the right operator.

To maintain confidentiality, DO NOT GO DIRECT, all interested buyers must sign a Non-Disclosure Agreement (NDA) before receiving further details. Serious inquiries only with 50% down to qualified buyer that will work in the business full time.
About the Business
Years in Operation
9
Employees
5
Facilities & Assets
This well-established Mediterranean restaurant features 67 indoor seats and plenty of outdoor patio seats in a high-traffic shopping plaza in Palm Beach County. The fully equipped kitchen includes all necessary cooking and refrigeration equipment, ensuring a seamless transition for a new owner. The inviting dining space, along with ample parking and strong foot traffic, makes this a prime location for continued success.
Market Outlook / Competition
The restaurant has built a strong reputation for high-quality Greek and Mediterranean cuisine, attracting both loyal local customers and new patrons. Located in a thriving market with a high demand for authentic dining experiences, and this business benefits from its excellent location in a busy shopping center with a sprawling courtyard with several patio's in a vibrant setting. While there is competition in the restaurant industry, the unique menu, strong brand identity, and established customer base give this business a competitive edge.
Opportunities for Growth
There are multiple opportunities for growth, including expanding marketing efforts, increasing delivery and catering services, and extending operating hours. They currently open 11:30am, can you offer more hours? How about online advertising? Well they not have any social media presence, so thats a big opportunity. A new owner could also introduce new menu items add morning breakfast or promotions to attract even more customers. With a solid foundation already in place, this business is well-positioned for continued success, expansion or Ghost Kitchen?
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,405
Rent
Not Disclosed
Lease Expiration
12/31/2027
About the Sale
Seller Motivation
Seller's Poor Health
Transition Support
To ensure a smooth transition, the seller's spouse is willing to stay on for a period of 2 weeks and IF NEEDED up to 8 months as an employee, providing hands-on training and guidance. This support will help the new owner understand daily operations, menu preparation, supplier relationships, and customer service standards, ensuring continuity and success.
Financing Options
50% Down seller may hold note/mortgage for 3 years at 6% for operators and local buye
Listing Info
ID
2348825
Listing Views
1160

Contact Seller

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Business Listed by: Tom Tsambourlianos Palm Ocean Realty

Listing ID: 2348825 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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