Business Overview

Let your taste buds travel across the Mediterranean! If you’re looking for fresh and healthy Mediterranean food, then you have come to the right place! The staff create traditional Mediterranean style dishes made from scratch. Each dish will leave you speechless! Our spices come straight from Turkey and Greece, so you feel right at home!
Are you craving a unique Fast-Casual business opportunity in the super-hot Mediterranean and Greek/Turkish category? You aren’t alone. Your future customers are craving the very same thing! Diners love the great taste and healthy options with Mediterranean cuisine and they especially love the delicious selections at this Mediterranean Grill. These great restaurants serve authentic Greek/Turkish family recipes.

With a wide range of delicious menu options and a customer base that’s longing for fast-casual options in the hot Mediterranean category, this is an excellent opportunity.
Our mission is to provide customers with high quality, freshly prepared homemade food; whether you dine in, take out, or cater. We also aim to provide our clientele with prompt , professional, friendly and courteous service.

Financial

  • Asking Price: $530,000
  • Cash Flow: N/A
  • Gross Revenue: $965,680
  • EBITDA: N/A
  • FF&E: $104,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
About The Facility:

At both of the locations, the staff takes pride in how they prepare food. They are a family oriented restaurant devoted to providing the best Mediterranean Turkish/Greek cuisine in Washington State. Since the company opened its doors in 2009, they have treated every customer like they were a part of their family. When you come to the restaurant, you can rest assured that everything they offer on their menu is 100% fresh. To prove this, they grill customers orders made to order. But, not only is the food fresh, it is derived from a variety of home recipes and cooking. They also are devoted to providing fast food service, but with restaurant quality food.

Is Support & Training Included:

2 weeks

Purpose For Selling:

retiring

Pros and Cons:

Consumers across the country are seeking delicious, new, healthy options when dining out. New research confirms Mediterranean food is the big winner with diners both when it comes to a one-time trial and for eating frequently. Mediterranean food features big, bold flavors and healthy ingredients that make it delicious to enjoy. The American Heart Association and chefs everywhere have promoted the Mediterranean diet - full of olive oil, whole grains, lean proteins, tomatoes, fresh vegetables and spices like cardamom, mint, and sumac - as a healthful way to eat. Add to that, the ease of dining at our attractive fast-casual locations and you have a highly sought-after destination for diners. There are numerous restaurants and places to eat and drink in this busy and growing shopping and employment area, however there doesn’t appear to be any other Mediterranean food places nearby.

Opportunities and Growth:

Improve social media and extend hours of operation. Enhance the catering part of the business to include both locations.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals decide to sell companies. However, the true factor and the one they say to you may be 2 completely different things. For instance, they may say "I have too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. But also, for some, these might simply be justifications to attempt to conceal the reality of altering demographics, increased competition, recent reduction in incomes, or a variety of various other reasons. This is why it is very important that you not rely entirely on a vendor's word, but rather, make use of the seller's solution along with your overall due diligence. This will repaint a much more practical picture of the business's current scenario.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans in order to cover points such as supplies, payroll, accounts payable, etc. Remember that sometimes this can suggest that profit margins are too small. Lots of businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that need to be fulfilled or might cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in brand-new clients? Often times, operating businesses have repeat customers, which create the core of their daily revenues. Specific variables such as brand-new competition growing up around the area, road building, and staff turn over can affect repeat consumers as well as adversely impact future incomes. One important thing to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the better the opportunity to build a returning customer base. A last idea is the general location demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? How might the neighborhood average home income effect future revenue prospects?