Profitable Mediterranean Restaurant with Loyal Customer Base
$600,000
Seller financing available
The seller is open to letting you pay part of the price over time.
Long lease in place
The current lease runs for several more years.
Training included
The seller will help you get up to speed after closing.
About this business
Own a thriving Mediterranean restaurant in Manhasset, NY, with a loyal customer base and growth potential. Featuring authentic Greek cuisine made from scratch, this fast-casual spot boasts a talented staff and prime location. Ideal for an experienced restaurateur ready to elevate an already successful business.
The numbers
How the asking price compares with what the business brings in each year.
- Asking price$600,000
- Annual Revenue$927,154
- SDE$150,000
- 4.0×
- Price to SDE
- 0.6×
- Price to revenue
- 16%
- SDE margin
- Approx. Inventory Value
- $50,000
- Approximate FF&E
- $300,000
Details
- 2016
- Established · 10 yrs
- Restaurant
- Business type
- Leased
- Premises
Financing & transition
- Seller financing
- Yes
- Training after the sale
- Included
- Cost
- Free
Property & lease
- Premises
- Leased
- Rent (monthly)
- $10,380
- Lease Expiration
- Apr 1, 2040
Where it is · Manhasset, New York
Somewhere in Manhasset, New York. The exact address is not on this listing.
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