Mediterranean Restaurant For Sale
Location:
Canada
->
New Brunswick
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Fully licensed and very profitable Restaurant for sale. The establishment offers casual dining in a cozy Mediterranean atmosphere. Capacity: Set up for 65 but licensed for up to 90 ( Plus 26 on patio in summer).
Menu consists of authentic Greek and Mediterranean dishes: brochettes, seafood, pasta, salads, etc. Main dishes cost range are from $14.95 to $25.95. Kitchen is fully equipped and in an excellent condition. (All equipment is replaced for brand new equipment on a regular basis. No equipment is outdated in the kitchen).
Lease has renewal clause from 2011 to 2015. 2,000 square feet - Presently $1,968. Heating and air conditioning included. Kitchen monthly electric bill is about $400 a month extra. Building is downtown with easy access to services.
Located in a solid building on a street corner with high traffic, a water front view from the patio and surrounded by government offices. Other restaurants in town are not a real threat. People come for atmosphere and the great food.
Financials
Asking Price Range: < $250K
Gross Revenues:
$350,000
Cash Flow:
$128,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Yes
About The Business
Year Established: 1998
Number of Employees: 6 - 9
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Support and training available.
Reason For Selling: Retirement.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 700110257
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