Established Greek Restaurant - Prime Little Neck Location

This thriving Greek restaurant has been serving the Little Neck community since 2001, offering over 20 years of proven success and customer loyalty. Located on a busy street in Queens, NY, this turnkey operation features 60+ seats in a welcoming atmosphere that has become a neighborhood staple.

Business Overview:
- Annual Revenue: $625,000
- Asking Price: $248,000
- Established: Around 2001 (20+ years in operation)
- Staff: 4 employees
- Seating Capacity: 60+ seats
- Location: Little Neck, Queens County

Key Features:
- Turnkey operation ready for immediate transition
- Established customer base built over two decades
- Prime location on busy street with high visibility
- Full-service restaurant with proven menu and operations
- Experienced staff team in place
- Strong community presence in evolving ethnic neighborhood

Financial Highlights:
With $625,000 in annual revenue and an asking price of $248,000, this restaurant presents an attractive investment opportunity with a revenue multiple of approximately 0.4x, well below typical restaurant industry benchmarks of 1-2x revenue.

The Business Opportunity:
This is an ideal opportunity for an experienced restaurateur or entrepreneur looking to acquire a well-established business with:
- Decades of operational history and brand recognition
- Proven revenue stream and customer loyalty
- Strategic location in a demographically diverse area
- Immediate cash flow potential
- Room for upgrades and menu expansion

Reason for Sale:
The current owner is retiring after successfully operating this restaurant for decades, creating an opportunity for new ownership to continue the legacy while potentially expanding operations.

This Greek restaurant represents a rare opportunity to acquire a profitable, established business in one of Queens' desirable neighborhoods, perfect for buyers seeking immediate cash flow and long-term growth potential.