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Businesses For Sale   >>   Palm Beach Businesses For Sale   

Two Authentic Mediterranean Restaurants

Location  Palm Beach County, Florida, United States
Asking Price Range  $250K - $500K
Gross Revenues  $1200000
Net Profit / Cash Flow  $292000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2005
Number of Employees  6 - 9
Inventory  160000
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Training  two weeks
Reason for Sale  other business interests

Two authentic very well known Greek Restaurants with loyal customer following and very strong profits. A truly unique opportunity in the food service industry. Restaurants specialize in gyros, greek salads, greek coffee, seafood, pork, steak, marinated kabobs, marinated chicken on the grill, and many more offerings. Open for breakfast, lunch, and dinner 10am-10pm 7 days per week. Delivery/Take-out is about half the total volume. Total combined sales for both restaurants is $1.2M, total combined owner benefit is $292K. First restaurant established eight yrs ago and currently being run on an owner absentee basis. Free-standing building has 900 sq ft with 20 parking spots. Seats 20. Rent $2,000/month and lease ends 2026 with right of first refusal to purchase property. Sales are $75K per month, owner net is at least $180K per year. Includes $100K of eqpmt/leasehold improvements. Five full time employees. Second restaurant established two years ago; owner is active. Rent is $1100/month for 1250 sq ft space. Lease ends 12/2016 with five year option. Seats 40. Sales are averaging $25K/month; owner net is $112K/year. Includes $60K of eqpmt/leasehold improvements. Three full time employees. Also offers live entertainment and has quickly established a very loyal and devoted customer base through its healthy and tasty menu, word of mouth, and the company's social media maketing efforts. Asking price of $399K with $275K down. Please contact Martin Berliant at 561-827-1181 or email for more information. Nondisclosure statement will be required.

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