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Business for Sale Summary

Brooklyn Mediterranean Restaurant for sale - 33542

Business Type: misc. retail/non-classifiable,other eating & drinking places,other food stores,seller financing available,restaurant/ cafes/ diners
Owner Financing
Brooklyn Mediterranean Restaurant for sale
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This business has received 12 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $249,000 Down Payment $180,000
Gross Revenues $500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $130,000 Number of FT Employees Register Free to View

Financing

$180,000 Down and $69K over 4 yrs. @ 6%

Business Description

Established Mediterranean QSR. For the past 9 years, this business owner has perfected his recipes and production and it shows. The business has clean and sleek branding you would expect of a national franchise. The location is fantastic, but the food is better. This spot is located in walking distance from a major Brooklyn attraction. It is surrounded by residential apartments. They normally offer 15 seats, plus counter seating in a 400 sq. ft. space (plus basement). Seating changes have been made due to Covid 19. This business sale includes a customer app to process orders, delivery and pick-up. This helps to manage the traffic flow and keep employees and customers safe. The space has a full kitchen, with equipment in perfect working condition. Recent sales have surged due to Covid 19. In the past year the business grossed approx. $500,000.00 with an owner's cash flow of approx. $130,000.00. The overhead is minimal. A well-qualified tenant may obtain a 10 year lease with a rent of $3,500/mth or better. We are seeking a serious and financially qualified buyer with at least $180K in liquid funds to cover the down payment. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.