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Restaurant/ American & Mediterranean Cuisine
Asking Price: $150,000
Inventory: $6,000
Gross Sales: $570,000
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Confidential Visit Summary of Business
A profitable restaurant was established for 14 years with the same owner. Offering a variety of American and Mediterranean - Greek cuisine, serving Breakfast, Lunch, and Dinner.
Corner location in a large center. Located in the center of an industrial, commercial and residential area. Easy to operate, fully equipped kitchen, cozy dining room, and fenced-in patio for dining. Has Beer and Wine type 41 ABC license. The Seller has decided to retire after 50 years in the restaurant business.
Other Details
Reason for Sale: The Seller has decided to retire after 50 years in the restaurant business.
Income
Gross Yearly Sales: $570,000
Adjusted Yearly Net Profit: $114,000
Rent
Total Rent: $6,100
NNN: $2,035
Options: 0
Sq. Ft: 1400 plus patio
Occupancy: in: 45, out: 20
Employees
Number of Employees: 5
Full time: 2
Part time: 3
Hours of Operation: 8 AM till 8 PM Sunday 10 AM till 7 PM
Payroll: $8,000
Expenses
Insurance: $6,000 per year
Electric: $1,500
Phone: $80
Cost of Goods: $28
Additional Details
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