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Listed by:

Royal Crown Group

Popular And Growing Greek QSR For Sale

West Palm Beach, Florida, US
Asking Price:
$285,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$829,052
Cash Flow:
On request

This prime location Greek QSR has been serving the West Palm Beach area for the last 8 years. Surrounded by a concentration of office buildings and strip centers, this restaurant has been the preferred destination for authentic Greek food serving nothing but the freshest ingredients and delites. Their primary and preferred menu items are gyros (chicken and lamb), salads and desserts. They do serve beer and wine as well.

It operates for lunch and dinner service Monday through Saturday and closes on Sunday. They cooperte with all online food marketers like Doordash, Uber Eats and Grubhub. Given its location they receive many catering orders on a weekly basis from the various offices in the area. It's located in a strip center, next to national and local restaurants, on a major road with signage on the marquee. They have gained a unique reputation for good quality food and excellent service with a 4.6 Google Rating.

Sales have consistantly grown every year since inception. Operators are running the business with 3 excess staff in order to satisfy the L1 Visa requirement. These 3 additional staff are not necessary to continue operating the restaurant. Sellers are ready to move on to different interests and would like to see the business continue its legacy with a new operator. The concept can easily be duplicated and even be franchised. There's an opportunity for new operator to open on Sundays and generate $60K-$80K more in sales per year.

Prospects with restaurant or catering experience are preferrable in order to be approved by Landlord. NDA required. No Seller or SBA financing available.

Property Information

Real Estate:

Lease

Lease Terms:

Lease Expiration: 7/28/2025

Leasehold Rent:

$57,000 per annum

Lease Rent:
$1,500 per sq ft per annum
Premises Details:

Nestled in a strip center with other retailers and restaurants, consisting of 1500 sft, with indoor and outdoor seating. Full kitchen with hood, stove, fryers, gyro machines, walk-in cooler, freezers, display cases, and other refrigerated appliances.

Size in square feet:
1,500

Business Operation

Expansion Potential:

Catering portion is doing well and can grow further. Opening Sundays can generate additional revenue for the year.

Competition / Market:

There are not other Greek themed restaurants in the area, closest is about 5 miles away.

Reasons for selling:

Other business interests

Employees:
8
Years established:
9 Years

Other Information

Support & training:

2 weeks

Furniture / Fixtures value:
$50,000 - included in the asking price
Inventory / Stock value:
$3,000 - included in the asking price