Popular and Growing Greek QSR

Asking Price$280,000

Cash Flow
$119,169
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$829,052

Inventory$3,000
Included in asking price
FF&E$50,000
Included in asking price
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Popular and Growing Greek QSR


Asking Price$280,000

Cash Flow
$119,169
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$829,052

Inventory$3,000
Included in asking price
FF&E$50,000
Included in asking price
Business Description
This prime location Greek QSR has been serving the West Palm Beach area for the last 8 years. Surrounded by a concentration of office buildings and strip centers, this restaurant has been the preferred destination for authentic Greek food serving nothing but the freshest ingredients and delites. Their primary and preferred menu items are gyros (chicken and lamb), salads and desserts. They do serve beer and wine as well.

It operates for lunch and dinner service Monday through Saturday and closes on Sunday. They cooperte with all online food marketers like Doordash, Uber Eats and Grubhub. Given its location they receive many catering orders on a weekly basis from the various offices in the area. It's located in a strip center, next to national and local restaurants, on a major road with signage on the marquee. They have gained a unique reputation for good quality food and excellent service with a 4.6 Google Rating.

Sales have consistantly grown every year since inception. Operators are running the business with 3 excess staff in order to satisfy the L1 Visa requirement. These 3 additional staff are not necessary to continue operating the restaurant. Sellers are ready to move on to different interests and would like to see the business continue its legacy with a new operator. The concept can easily be duplicated and even be franchised. There's an opportunity for new operator to open on Sundays and generate $60K-$80K more in sales per year.

Prospects with restaurant or catering experience are preferrable in order to be approved by Landlord. NDA required. No Seller or SBA financing available.
About the Business
Years in Operation
9
Number of Employees
8
Facilities & Assets
Nestled in a strip center with other retailers and restaurants, consisting of 1500 sft, with indoor and outdoor seating. Full kitchen with hood, stove, fryers, gyro machines, walk-in cooler, freezers, display cases, and other refrigerated appliances.
Market Outlook / Competition
There are not other Greek themed restaurants in the area, closest is about 5 miles away.
Opportunities for Growth
Catering portion is doing well and can grow further. Opening Sundays can generate additional revenue for the year.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,500
Rent
$4,750.00 per month
About the Sale
Seller Motivation
Other business interests
Transition Support
2 weeks
Listing Info
ID
2274542
Listing Views
1072

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Business Listed by: Mark Habib Royal Crown Group LLC

Listing ID: 2274542 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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