Mediterranean Restaurant In Heart Of Tallahaassee

Tallahassee, FL (Leon County)

Seller Financing Available
Greek Restaurant For Sale
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Asking Price: $85,000

Cash Flow: N/A

Gross Revenue: $142,000

EBITDA: N/A

FF&E: $50,000

Inventory: N/A

Established: 1986

Mediterranean Restaurant In Heart Of Tallahaassee

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Business Description

Turnkey Established Restaurant Primed For New Ownership!

Don't miss this opportunity to own an award winning profitable Greek restaurant in the heart of the Sunshine State Capitol and on Tallahassee's main thoroughfare directly across the street from the Florida State University and just steps from the State Capitol. This is a great time to purchase as the area where it's located is undergoing a City Revitalization Project bringing additional housing, businesses, and retail to the area. Owners are willing to provide seller financing on up to 50% of the purchase price over up to 5 years. Additional Information Available Upon Request.

Detailed Information

Location:
Tallahassee, FL
Inventory:
Included in asking price
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Facility is leased and owners own the furniture, fixtures, and equipment valued at around $50,000. Approx - 1250 sq ft - Indoor, 350 sq ft - Outdoor; Indoor/Outdoor Sound System; Seats Approximately 56; Separate Men's and Women's Restrooms; Shared Strip Parking - 16 Upper Level & 100+ Lower Level. Restaurant is approximately 3 miles from city center
Competition:
This restaurant is primed for success. It sits in a strip mall with bars, hairsalon/barbershop, and is anchored by a McDonalds. Restaurant also serves Florida State University, FAMU University, Tallahassee Technical College, State Capitol Buildings, Frenchtown Community, and other Area Businesses.
Growth & Expansion:
There are several opportunities to grow sales with this business. Adding beer and wine, extending hours, adding a happy hour, taking advantage of delivery services such as Uber Eats are among a few. It is in a prime location for students, state employees, and residents.
Support & Training:
Owner willing to provide training for 2 weeks and can stay on in a consultative capacity if buyer needs this service. Owners built this business from the ground up and want to make sure the new buyer has what is needed to be successful.
Reason for Selling:
Owners have been in business for over 33 years and are seeking to retire.
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Business Listed By:
Nicole Thomas

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