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Business for Sale Summary

Mediterranean Restaurant S Shore MA - 34839

Business Type: other eating & drinking places,seller financing available,restaurant/ cafes/ diners
Owner Financing
Mediterranean Restaurant S Shore MA
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Financial Information (non-confidential)

General Information
Asking Price $100,000 Down Payment $50,000
Gross Revenues $442,000 Lease Remaining Register Free to View
Owner’s Cash Flow $130,000 Number of FT Employees Register Free to View

Financing

$50,000 Down and Balance at 5% for 36 months for qualified buyers - first 3 months no payment

Business Description

Incredible opportunity especially at this new reduced price AND lower down payment due to owner's health issues. Don't let this one pass you by! ! Also due to illness had to reduce hours. Currently only open 5 days a week, and closes a few hours middle of afternoon. Lots of potential here to increase revenue! You can still make back your investment quickly Plus the term of the note was made longer AND they will give you a grace period for first 3 months! This is a very reputable and very profitable ethnic restaurant in a prime location! Incredible opportunity for to own an authentic Mediterranean and Middle Eastern restaurant where gross revenue increased $100 K in one year! All reasonable offers will be considered. For the past 8 years, the owners turned their love of food and cooking into a fabulous and very profitable business. They offer authentic Mediterranean and Middle Eastern food to the south shore community. Beer & Wine, Fresh food, Vegan, vegetarian, hookah available on the patio, pita wraps, falafel, hummus, beef & chicken shawarma, shish kababs, are all some of restaurant items. All healthy, fresh, and handmade. If you haven't had Middle Eastern food, you're missing out. They receive almost 5 star ratings on social media sites, and have over 1700 followers. Seating for 26 inside and 20 on the patio where they have a hookah license as well as a beer and wine license. Closed Sundays and Mondays. This past year added on line ordering and increased business by $100 K and needed fewer staff to answer phones. 85% of business is take out. Located on a very busy road (1/2 mile off major highway) near major box stores with great visibility and signage. Plenty of onsite parking in a free standing building. Additional storage for food and supplies in rear. This reputable and authentic restaurant will not last long! Buy now so you can make optimal use of the patio during the warmer months! Currently only open 5 days per week-extensive opportunity to increase revenue by opening 6 or 7 days

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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.