Profitable Mediterranean Restaurant for Sale in Alpharetta, GA

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Asking Price:
$99,000

Gross Revenue:
$219,974
Cash Flow:
$67,486
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Profitable Mediterranean Restaurant for Sale in Alpharetta, Georgia. Open and operating profitably for more than seven years. Seats over 100 inside and out with a great lease for a 1700 sq ft location!!! $67,000 in Annual Owner benefit.
This freestanding Mediterranean Restaurant for Sale is 1,700 square feet and seats approximately 35 people inside and an additional 100 people on patio. The outdoor patio is perfect for family occasions, special events, outdoor dining and parties. This profitable Greek restaurant opened in February of 2012 and has been a local favorite from the start. Sales come from many different sources...Dine In, Carry Out, Delivery, and Special Event Catering. 2018 Revenue exceeded $200,000 with owner earnings of $67,000. Low Cost of Goods combined with effective expense control contributes to this exceptional cash flow ratio.
The Mediterranean Restaurant for Sale by the Restaurant Brokers is well known by the locals and very much loved. Where ever you look on line, this profitable restaurant receives rave reviews and 4+ stars. Some of the feedback includes "The Gyro was delicious... fries freshly cooked and tasty....plates are large and full of food...I will definitely return...so many things looked good... the staff was very friendly."
The lease is attractive for this desirable high-income area. At $3000 per month, your rent is only $21 per square foot plus you get the use of an amazing patio area. Fully equipped commercial kitchen at this Restaurant for Sale will allow you to continue cooking the current great menu featuring homemade style Greek and Mediterranean cuisine and even add new items like Wings, Cheese Steak Sandwiches and more.
The Mediterranean Restaurant for Sale is located in a great area within Alpharetta, Georgia. This affluent northern suburb of Atlanta has a population of 57,551 and a median household income of $91,991 in 2008-2012 and has grown by 29.19% since 2000.The income growth rate is much higher than the state average rate of 16.90% and is higher than the national average rate of 26.31%. At Under $100,000 it won't last!

About the Business

Location:
Alpharetta, Georgia
Year Established:
2012
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
1,700
Rent:
$2,992.00 Per Month
Lease Expiration:
2/1/2021
Facilities:
Outdoor Chairs Outdoor Tables Table Umbrellas Three door Refigrator Two door freezer Stand up Prep Cooler Ice Machine Work Table Prep cooler Convention Oven Stand up freezer Storage Shelf Water Heater Four Comp Sink Sandwich table Deep Fryers Flat top grill Microwaive Sandwich station full Zoom Pos System Pos Thermal printer Pos kitchen Printer Cooler display Bunn otomatic coffe brewer Gyro broiler Sweet Tea Tank Condiment holder Fork Knife Holder 6 wholes Indoor Trash can Coke Display Refigrator Beer Display Refigrator Indoor chairs Indoor Tables Bar Stools Booths Booth tables
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Growing Area City Development
Growth & Expansion:
Add to Menu Expanded Hours
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About the Sale

Reason For Selling:
Relocation
Training/Support:
yes

Listing Info

ID:
1617388
Ad Detail Views:
0

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Business Listed by

Steve Weinbaum

We Sell Restaurants
License# GA SL 365512

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View My 38 Active Listings
Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for Fulton County, GA
Age

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Ethnicity

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

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Fulton County, GA
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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