Listing ID: 81391

Business Overview

Busy Greek & Mediterranean quick service restaurant on LAS VEGAS STRIP with beer/wine license! Sales very strong in 2021 with covid recovery! Excellent online reviews. Great menu with all of the favorites including gyro, kebab, salad, chicken wings/fingers & more! Plenty of room for growth by adding more delivery services and catering! Gross Sales are actual from 2020 tax return and already up 10%+ in 2021 first half of the year. Net income is estimated for 2021 full year based on first half of year. EMAIL NOW before it is gone! For the fastest reply to you inquiry, please use this ad’s email reply! For the fastest reply to your inquiry, please use this ad’s email reply or contact Business Broker Edward Smith (RE# BS.0038345.PC; Business Broker Permit# BBP.0000005) at 702-274-7320 or email edsmith@fcbb.com

Financial

  • Asking Price: $199,000
  • Cash Flow: $91,408
  • Gross Revenue: $487,348
  • EBITDA: N/A
  • FF&E: $150,000
  • Inventory: $3,000
  • Inventory Included: Yes
  • Established: 2012

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,123
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a leased location of 2123 square feet with a Total Rent of $4034. Lease ends 11/2025. Seller is active in the business with 6 FT employees, 1 PT employee and 1 Independent Contractor. Hours of operation are 11AM-9PM M-Sat, 11AM-7PM Sun. $3,000 in Inventory and $150,000 in FF&E included in Asking Price. $100,000 made in Leasehold Improvements. Assets include Great online reviews! Busy location on Las Vegas Strip! Beer & Wine Licenses Required.

Is Support & Training Included:

Fourteen (14) days

Purpose For Selling:

Other business interests

Additional Info

The business was founded in 2012, making the business 10 years old.
The sale shall include inventory valued at $3,000, which is included in the requested price.

The business has 8 employees and is situated in a building with approx. square footage of 2,123 sq ft.
The building is leased by the company for $4,034 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell operating businesses. Nonetheless, the genuine factor and the one they tell you may be 2 absolutely different things. For instance, they may claim "I have a lot of various obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may just be reasons to attempt to hide the reality of changing demographics, increased competitors, current reduction in revenues, or a range of various other reasons. This is why it is extremely vital that you not count totally on a seller's word, but instead, utilize the vendor's answer in conjunction with your overall due diligence. This will paint a much more practical image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering items such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can imply that profit margins are too thin. Many organisations come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that need to be met or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location attract brand-new customers? Often times, operating businesses have repeat consumers, which create the core of their daily profits. Specific factors such as new competitors sprouting up around the location, roadway building, as well as employee turn over can affect repeat consumers and also adversely impact future earnings. One essential point to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the higher the possibility to construct a returning customer base. A last thought is the general area demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? How might the local average family earnings effect future earnings prospects?