Iconic Greek Taverna - High Performing & Strong Profit

Listing Number: 26971-85173

Description

Successful restaurant - Greek and Mediterranean cuisine, nice décor, prime location with high visibility in growing area surrounded by a wealth of complimentary shops and businesses. Excellent food quality with high volume of to go orders, great reviews on TripAdvisor and Facebook. Turnkey business with awesome ample kitchen. Trained long term staff are also in place. Owners have done excellent job with start-up, and have carefully run this business for 6 years with sales and profits continue to grow. They are also happy to stay and offer plenty of support for its continual success. The business has built up an excellent reputation within the area for the very high quality of the food and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. It also has a great social media presence with thousands of genuine followers. The business currently operates 5 days per week, catering for evening diners, as well as catering for weddings, christenings, birthdays, church groups, Christmas parties and family gathering. The restaurant boasts 120 sq. metres of floor space, and when the restaurant is full to capacity, it can accommodate 100 diners with 85 inside and 15 outside. It generates a turnover in the region of $860,000, with a net profit of approximately 41% or $350,000. There is a live band playing Greek music on Saturday nights, with themed entertainment until late. There is scope to increase the turnover by extending the opening hours, perhaps by offering lunch services. A new owner could also embark on a modest marketing campaign to highlight the excellent food and service offered.

Listing Details

  • Price: $460,000
  • Down Payment: $56,000
  • Sellers Discretionary Earnings: $350,000
  • Total Sales: $860,000
  • Location: Withheld, New South Wales

  • Inventory: $0
  • FF&E: $0
  • Employees: 6
  • Year Established: 2010
  • Reason for Selling: Retirement
  • Category: Restaurants

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