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Established Profitable Greek-Italian Restaurant for Sale in Sarasota

Sarasota, FL (Manatee County)
Lasanga

Asking Price: $495,000

Cash Flow (SDE): $231,073

Gross Revenue: $977,142

EBITDA: Not Disclosed

Rent: $4,469.71 per Month

Established: 2004

Seller Financing Available
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Valuation Report
Business Description

Profitable 20+Year Greek-Italian Restaurant in Sarasota for Sale

Key Highlights:

- Proven Concept: 21 years under the same brand with low food costs and time-tested recipes.
- High Profitability: Strong cash flow, with Seller’s Discretionary Earnings (SDE) well above industry average for independent restaurants.
- Very Limited Competition: No direct competitors within a 3-mile radius.
- Balanced Customer Base: 50% residential / 50% business—no slow season!
- In-House Delivery Service: No reliance on third-party apps or fees.
- Consistency of food an quality of service: Recipe books, digital checklists for all daily routines.
- Massive Customer Database: 18,000+ loyal customers, with high repeat business and many cash transactions.
- Low Overhead: Favorable lease terms and a recently renovated building (2023 remodel).
- Turnkey Operation: Fully documented recipes, checklists, and operational procedures. Skilled team in place, including long-term manager and assistant managers.
- Multiple revenue streams
- Hurricane season ready - backup generator for walk-in cooler and freezer in place, so you never loose a products due to power outage
- Built-In Growth Opportunity: Closed on Sundays—open one extra day and instantly increase revenue by 15%!

Flexible Ownership:
• Run semi-absentee or hands-on—your choice.
• Seller Financing Available – Only $200K down!

Ideal for E-2 or L-1 Visa Applicants!

- Perfect for Relocation: Live and work in one of the most desirable places in Florida—sun, sand, and solid returns.

Additional Notes:

This is a VERY confidential sale. The name and exact location will only be disclosed after:
• NDA is signed
• Proof of funds is submitted
• Initial Zoom or in-person meeting with the seller is scheduled

SDE is based on current owner working only 22 hours/week. Owner-operator can earn significantly more.

No chef required—menu features sandwiches, salads, soups, Greek-Italian favorites, plus a popular beer & wine selection. Efficient operations and strong customer satisfaction have resulted in decades of stable sales and community loyalty.

The restaurant has been a local staple for over 21 years, with the current owner running it successfully for over 5 years.

- Serious inquiries only! Don’t miss out on this profitable, fully operational restaurant with growth potential and loyal clientele.

- Note: The seller is a licensed real estate agent in the state of Florida.

Ad#:2322266

Detailed Information
Location:
Sarasota, FL
Inventory:
$15,000
Included in asking price
Real Estate:
Leased
Building SF:
1,882
Lease Expiration:
2/17/2026
Furniture, Fixtures, & Equipment (FF&E):
$25,000
Included in asking price
Employees:
12
Facilities:
Fully equipped turnkey restaurant featuring an 8kW Dial-Power generator for backup, a modern POS system, spacious commercial kitchen, walk-in cooler and freezer, upgraded electrical/plumbing, and efficient prep and storage areas. Includes dine-in and takeout setup with own delivery system. Recently renovated in 20243 with clean, modern interior and strong curb appeal. All systems in place for seamless transition and continued success.
Competition:
Located in a high-traffic area with no direct competition within a 2-mile radius, this restaurant has become a go-to spot for both residents and local professionals. It’s a well-known name among nearby businesses, with strong lunchtime demand and consistent dine-in and takeout traffic. The unique Greek-Italian menu, long-standing reputation, and strong brand loyalty give it a clear edge over any potential competitors.
Growth & Expansion:
Plenty of growth potential for a new owner. Reopening on Sundays could boost revenue by at least 15% with minimal added costs. There’s also an untapped opportunity to add lunch service or expand catering. Additionally, the area lacks strong brunch options—opening for weekend brunch could attract a whole new customer segment. For an ambitious buyer, this is a solid base for multi-unit expansion or franchising.
Financing:
Seller financing is available to qualified buyers.
Support & Training:
Seller offers 2 weeks of hands-on training at no cost, covering daily operations, recipes, vendor management, and POS system. Additional support available if needed to ensure a smooth and confident transition. All training is tailored to help the new owner maintain the restaurant’s ongoing success.
Reason for Selling:
Owner moved out of town
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Business Listed By:
Maxim Emm
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Business Listed By:
Maxim Emm
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Ad#:2322266

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