Best of authentic Greek gyro in town and casual Greek cuisine for Sale! Niche market in the area. Located steps from a very high traffic major intersection in Feasterville. Successful and very profitable gyro establishment features an amazing custom made commercial kitchen. All equipment and furniture was installed new 3 years ago, still in great working condition. The restaurant also features a private dining room with electric fire place and traditional Mediterranean decorations, which has been enjoyed and loved by many large parties before COVID-19. Custom built Italian marble stone counter, with recess lighting. Currently the restaurant is operating part time, due to limited human resources. Strong and loyal client base with patrons from Bucks, Philadelphia, and Montgomery counties. Very strong potential for expanding with new locations. All current business is take out and delivery only, due to pandemic. All kitchen equipment, additional equipment not currently used, furniture and decorations included in sale. Truly a turn-key operation! Pylon sign out front, on side of the street. Parking for up to 15 cars.
Country: | USA |
State or Province: | PA |
City: | Feasterville |
Location Zip or Postal Code: | 19053 |
Service Type: | Sit-Down Table Service |
Title of Listing: | Greek gyro restaurant for sale |
Year Established: | 2017 |
Number of Locations: | 1 |
Number of Seats: | Less than 50 |
Size: | 1100, Square Feet |
Patio: | No |
Number of Employees: | Less than 10 |
Hours of Operation: | Thursday-Sunday: 12:00-9:00PM |
Growth or Expansion Opportunities: | Tremendous |
Reason for Selling: | Moving |
Owner Operated or Absentee Owner or Flexible: | Owner Operated |
Asking Price: | $275,000 |
Gross Revenue: | $400,000 |
Gross Revenue Range: | Under $500,000 |
EBITDA Range: | $100,000-$300,000 |
SDE Range: | $100,000 |
Inventory Value included in price?: | Yes |
Real Estate Owned or Leased: | Leased |
Lease Term Remaining: | N/A |
Total Monthly Rent: | $2,300 |