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Well Known Greek Restaurant Business For Sale
Location: United States -> South Carolina
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Price Lowered on Well Known Greek Restaurant Business For Sale

Price change due to Family Health Issues causing early Retirement...
Sales for 2021 are up 52% over 2019 and 2020.
New 5 Year Lease approved for new owner at only $2500 monthly through Sept 2026. This equals an incredibly low 4% of gross sales for the last few years.
Incredibly Profitable Business for owner operator that especially could continue in the same format and menu.
Great Visibility on The Bypass In A Well Established Area of Myrtle Beach..
This is a well run Restaurant with great Greek homemade food. This is very popular with the locals as well as the tourist every season. The food is to die for and so divine. It also has some specialty items that are sold to take home. In 2020 this business still had considerable increases in sales despite being closed two months due to Covid.
Delivery could be added to increase sales even more.
New 5 year lease approved for qualified owner by landlord through Sept 2026 at only $2500 per month.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $750,000
Cash Flow:   $175,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2020
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  2 weeks
Reason For Selling:  retirement

Photos

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Well Known Greek Restaurant Business For Sale Photo 1




Print Listing Id: 700360577
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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 > South Carolina Businesses For Sale > South Carolina Franchises For Sale > South Carolina Business Brokers



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