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Accommodation & Food Services

Popular And Growing Greek QSR

West Palm Beach, FL, USA
Listed 151 days ago

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.

Employees

8

Lease Terms

Lease Expiration: 7/28/2025

Real Estate

Lease

Leasehold Rent

$57,000 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.

Years Established

9 Years

Support & Training

2 weeks

Expansion Potential

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

Size In Square Feet

1,500

Competition / Market

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

Inventory / Stock Value

$3,000 - included in the asking price

Reason for Selling

Other business interests

Financials

Asking Price
$285K
RevenueMost Recent Year
$829K
EarningsLast Reported
Undisclosed
Assets ValueIncluded in Asking Price
$50K
Seller Financing
Not available

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