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Greek Gyros Restaurant In Thessaloniki
Location: Greece -> Thessaloniki
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

The business is one of the leading Gyros restaurants in Thessaloniki and one of the best opportunities to enter the Gyros and Souvlaki restaurant market in the second largest city in Greece.
Many people have experienced gyros whilst on holiday whereas others have heard about it through friends. Some say Gyros is the descendant of a lengthy and ancient family of skewered meat dishes, reaching as far back to the era of Alexander the Great and his returning military.
All ingredients, such as pork or chicken, olive oil, Feta cheese, yogurt, oregano etc, come from selected suppliers all across Greece.
Clients range from single individuals to whole families, which either eat at the restaurant or order take-away or delivery. The company invests in marketing and enhancing its product range with popular skewered meat dishes (Souvla in Greek), with quality meats and fresh ingredients. The pandemic had minimal influence on sales. The recent war in Ukraine raised costs and prices, mainly to fried products. Fortunately, french fries are not a main dish.
The owner is looking for an investor to buy the company, since his children have either left Greece or work in unrelated fields, and he is approaching retirement age. The owner is willing to support the transition for 6 months, in order to minimize any issues.
The restaurant has on average 2.000 EUR sales daily. This a low-risk medium-returns investment.
This is an opportunity to acquire a well-known local brand name and expand on it, either as a franchise or wholly-owned restaurants.
The price is 400.000 EUR.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $700,000
Cash Flow:   $100,000
Cash Flow Type:  EBITDA
Seller Financing:  No

About The Business

Year Established:  1986
Number of Employees:  20 - 34
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  6 months training and support
Reason For Selling:  The owner is retiring

Photos

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Greek Gyros Restaurant In Thessaloniki Photo 1 Greek Gyros Restaurant In Thessaloniki Photo 2




Print Listing Id: 700375714
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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