Business Overview

High Volume Greek Mediterranean Concept Eat-In/Take-Out Restaurant Available in a Great Location! Operating since 2003, with an Established Loyal Customer Base, serving the community with high quality made-to-order Greek, Mediterranean food. Seller advises very stable employees and cook. This stand out restaurant is a unique concept delivering fresh and savory made to order food to keep in line with “eat good live good” mission. Family friendly with high-tech interior design and Brand-New HVAC unit. Menu includes made to order salads, handmade daily beef and chicken kabobs, lean rotisserie gyros, steak, chicken shawarma as well as fresh Mediterranean bread baked onsite. High customer rating reviews on Yelp, Foursquare and Facebook. Delivery service includes UberEATS and DoorDash. SBA Loan possible – Business and Buyer must qualify – Refer to the SBA 7a Term Sheet included in the Buyer File. To learn more please contact Seller’s Agent, Vinni Sapra via text/cell to (480) 227-3184 or email to Vinni@wcibroker.com.

Financial

  • Asking Price: $1,400,000
  • Cash Flow: $649,163
  • Gross Revenue: $1,400,000
  • EBITDA: N/A
  • FF&E: $100,000
  • Inventory: $15,000
  • Inventory Included: Yes
  • Established: 2003

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,580
  • Lot Size:N/A
  • Total Number of Employees:10
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2-3 weeks

Purpose For Selling:

Retiring

Additional Info

The company was started in 2003, making the business 19 years old.
The transaction does include inventory valued at $15,000, which is included in the suggested price.

The business has 10 employees and is located in a building with approx. square footage of 1,580 sq ft.
The building is leased by the company for $5,500 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons people decide to sell operating businesses. Nonetheless, the genuine factor and the one they tell you might be 2 completely different things. For instance, they might state "I have a lot of various commitments" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may just be justifications to attempt to hide the reality of altering demographics, increased competitors, current decrease in profits, or a variety of other factors. This is why it is very crucial that you not depend completely on a seller's word, however rather, utilize the seller's answer along with your total due diligence. This will paint a more sensible picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Many operating businesses borrow money with the purpose of covering items like stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can suggest that revenue margins are too small. Lots of organisations fall under 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 may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that need to be satisfied or might result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area draw in brand-new customers? Many times, operating businesses have repeat customers, which create the core of their daily revenues. Specific factors such as new competition sprouting up around the area, roadway building, as well as employee turnover can impact repeat customers as well as negatively impact future incomes. One vital thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business often, the greater the possibility to construct a returning consumer base. A last thought is the basic location demographics. Is the business located in a largely populated city, or is it situated on the edge of town? Exactly how might the neighborhood mean household income effect future income prospects?