Thriving Greek Restaurant for Sale!

Wallingford, CT (New Haven County)

Front Entrance
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Asking Price: $259,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $3,800 /Month

Established: 2016

Thriving Greek Restaurant for Sale!

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Business Description

Established late 2016, the restaurant has been well received by visitors. What started in a small location with to-go orders being the primary business has now expanded to a 4,800 sq.ft restaurant with 100+ seating to be able to accommodate business demand. In addition, there is a full-bar and a newly added banquet room for private parties and events that fits about 80 guests.
The restaurant is located on Route 5 in a busy plaza with 9 other businesses.
There is a lot of development happening in Wallingford; from residential housing, condominium buildings and commercial buildings being built within the last few years as well as an addition of train stop. All of this translates to increased revenues from influx of customers in the area. The Greek Guy is located in the middle of all of these uprisings!

Detailed Information

Location:
Wallingford, CT
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,800
Lease Expiration:
N/A
Employees:
15 FT & PT
Competition:
There is no competition nearby for authentic Greek cuisine. Nearest competition is over 20+ miles away.
Growth & Expansion:
With new expansion there is room for increased revenue from large private parties and events. Catering and even a food truck are ways to expand the business. The business concept can be be set for a franchise in the future.
Financing:
Inventory/ Furniture/ Equipment all included in price
Support & Training:
Will help transition.
Reason for Selling:
Moving out of state
Business Website:
http://www.greekguyct.com/
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Konstantinos Milas

Business Listed By:
Konstantinos Milas

Berkshire Hathaway New England

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