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Profitable Fast Food Greek Restaurant

Union, NJ (Union County)

Seller Financing Available
Profitable Fast Food Greek Restaurant
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Asking Price: $285,000

Cash Flow: $216,615

Gross Revenue: $725,000

EBITDA: N/A

FF&E: $70,000

Inventory: $5,000*

Rent: $20.70 /Month

Established: 2010

*not included in asking price.

Profitable Fast Food Greek Restaurant

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Business Description

Beautifully-renovated made-to-order Greek restaurant in the heart of a very busy intersection. Plenty of parking in a lot with some other storefronts. (3) partners have other more lucrative business interests prompting the sale. SALES BREAKDOWN: 50% Take Out, 25% Delivery, & 25% Dining In. Present owners did well being open (7) days per week, but, cut back to (6) to spend time with their families.
New owner can open up on Sunday's to generate more business. FURNITURE, FIXTURES, & EQUIPMENT in very good condition valued @ +/- $70,000 included in sale. OTHER EXPENSES: Office Supplies $1,200, Pest Control $660, Misc. $3,400 = $5,260. Owners are willing to finance a lesser portion. Projected financials for 2018. Contact Seth Kain @ 201-317-4710 for more details & showing.

Detailed Information

Location:
Union, NJ
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
5 FT, 8 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2,200 square feet. There's free parking in a lot in the front of the building + some other spots in front of other stores nearby. All furniture, fixtures + equipment are in very good condition. There are 4 years left on present lease + 4 five-year options. A qualified buyer can do a lease assumption through the landlord.
Competition:
There's no direct competition for Greek food in the same town. Especially for the wide variety of barbecue chicken + ribs.
Growth & Expansion:
A new owner should open up on Sunday's. The previous owner did extremely well when the place was open 7 days a week. Some advertising + promotion would help to boost gross sales + profits.
Financing:
Owner is offering to finance a minimum of 30% of a deal over a maximum of 48 months
Support & Training:
2 weeks of training at no cost at all for a new owner.
Reason for Selling:
Two partners have other more lucrative businesses.
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Seth Kain

Business Listed By:
Seth Kain

Executive Business Brokers

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Sponsoring Broker:
Larry Bodner

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