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American & Greek Family Home Cooking Restaurant

Location  Texas,United States
Asking Price Range  < $250K
Gross Revenues  $324308
Net Profit / Cash Flow  $90950
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2006
Number of Employees  6 - 9
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Training  Seller will train new owner for a smooth transition.
Reason for Sale  Health reason.
Description  American and Greek family home cooking restaurant located in Denton, TX is now available for sale. This unique restaurant is occupied in a 5,000 SF of free standing building situated on an approx. 25,330 SF of land at astonishingly low Base rent of $2,300. Being located right in front of a nationally recognized motel is a nice benefit this restaurant enjoys as they get a lot of customers from the motel on a daily basis. Greek menu they offer is one of competitive advantage this restaurant has over other competitor who cannot easily replicate this gourmet Greek foods. The restaurant serves breakfast, lunch, and dinner from traditional breakfast, hamburgers, sandwiches, gyros, and soup and salad to steak and seafood. The sales in 2011 did better than 2010 reaching $325,000, and the sales are growing consistently. This growth is an interesting feat. considering they have achieved this in historically low economy like nowadays. The restaurant could accommodate up to 120 people at once and features private dining area. As the owner currently does not do any form of marketing, pro-active marketing is needed to create more revenues. This is a great opportunity to buy an American and Greek family home cooking restaurant occupied in a free standing building. Asking: $130,000 Furniture, Fixtures & Equipment: $80,000 (Included in listed price) Inventory: $2,000 (Included in listed price) Financing: 100% cash at Closing. Facilities: Occupied in a 5,000 SF of free standing building which is located in front of a nationally recognized motel. It has ample parking spaces designated only for the restaurant, and fully equipped kitchen and dine in area are in good condition. The restaurant also features private dining room. Competition: 1 similar type of restaurant is found within 1 mile, but the competitor does not serve any Greek food.
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