Absentee ownership, Seller financing available, Growth upside
Business Overview:
Well-established Nick the Greek Mediterranean fast-casual franchise available in Monterey, California. Opened in 2022, this location benefits from excellent foot traffic, strong vehicle counts, and high visibility in a prime retail corridor. The restaurant enjoys exceptional online reviews, including a 4.8 rating on Grubhub, and consistent customer demand. Current ownership is largely absentee, presenting a clear opportunity for an owner-operator or hands-on investor to increase profitability and operational efficiency. Seller financing is available with a solid down payment. Excellent online ratings and repeat customer base. DO NOT DISTURB THE EMPLOYESS. Principals Only!
Business Details:
- Year Established: 2022
- Square Footage: Approx. 1,800 SF | 16foot Type I hood system (5.0 rating)
- Seating Capacity: 34 seats
- Employees: 8 (all parttime)
- Monthly Rent: $6,489
- Lease: Through 2026 with renewal option
- Hours: Sun–Thu: 11:00 AM – 9:00 PM | Fri–Sat: 11:00 AM – 10:00 PM
Key Highlights:
- Nationally recognized Greek Mediterranean franchise
- Fully built and equipped to franchise standards
- Hightraffic, highexposure Monterey location
- Complete kitchen, prep, refrigeration, and service equipment.
- Absentee ownership, immediate upside
- Seller financing is available with a strong down payment
- Seller will cover the franchise transfer fee
Revenue:
- 2025 Gross Revenue: ~$960,000 ± | Franchise Royalty: 8%
- 2024 Gross Revenue: $965,890 | 2023 Gross Revenue: $872,378
- Seller will pay the franchise transfer fee.
- Smooth transition with franchise systems already in place
- Strong, consistent sales despite absentee ownership. Significant upside through active management, local marketing, cost controls, and catering/delivery optimization.
