Profitable Greek Restaurant in Beautiful Queens Neighborhood For Sale

Business description

The new owner can go home with $250K a year! With only $150K down, it's less than a 2 year return on your investment.

A turnkey operation, anyone who is business minded and loves Greek food, can run this operation. A new owner has to learn the day-to-day operation and business will continue.

This beautiful Greek restaurant offers the following to its new owner: prime location in beautiful and safe family oriented neighborhood, great return on investment with only $150K down and $250K net income that can payback the total investment in less that 2 years!

This restaurant will make you feel like you are in a town in Athens, Greece! The decore is lovely, with pleasant wall images & colors inside the restaurant, sheltered seating outside in the rear, with flowery ambiance.

Established in 200, this family business offers a variety of hot & cold appetizers like Melizanosalata (eggplant dip) and Keftedakia (Greek breaded meatballs) among many others, a variety of soups and salads, sandwiches like Falafel & Seftelia, and mouth watering entrees and specialties along with delicious desserts! They also do catering for every occasion.

Due to the value in asking price, equipment, net income and low down payment required to acquire this operation - this won't last!

Property information

Real Estate:

Lease

Lease terms:

Long lease in place with options available.

Location:

Beautifully decorated restaurant in safe, family neighborhood with 1,200 square foot of space.

Other information

Competition / Market:

Owner has a lot of equity in the market. People know this restaurant and the current owner enjoys the market niche with lots of repeat customers.

Support & training:

Yes

Reasons for selling:

Other Interests

Trading hours:

11am-11pm, 7 daysFinancing available:NegotiableFurniture / Fixtures value:$110,000 (included in the asking price)Inventory / Stock value:$15,000 (included in the asking price)

Financing available:

Negotiable

Furniture / Fixtures value:

$110,000 (included in the asking price)

Inventory / Stock value:

$15,000 (included in the asking price)