Business Description.
What an opportunity for someone wanting to own a very well-established restaurant known for serving authentic Mediterranean cuisine, as well as, American comfort food dishes. Founded in 1997 by a local Greek family this popular eatery prepares and cooks to order their meals from scratch and offers a wonderful selection of daily specials throughout the week. This family-owned business has been very active over the past two decades preparing catered meals for participation in local social and church-related events, Greek festivals and business engagements centered around community interaction. The restaurant dining room often fills to capacity for lunch and dinner, however, a large portion of their business comes from customers calling in their orders for pickup. In addition to meeting their wonderful staff, the meals and desserts created here are truly something to experience for yourself.
Facilities: 1173 Sq. Ft strip center restaurant located in a cross-roads location situated SW Ohio between multiple cities along I-75. Clean kitchen and dining area, nicely decorated interior with two restrooms. Presently they serve up to 50 customers comfortably. Plenty of parking available to patrons. Reasonable rent of $975.00 per month plus $83.00 mo. for refuse service.Competition: This restaurant is located close to several small cities with a combined population of well over 150,000 residents. There are no direct competitors located within 2 street miles in any direction. Over the past 20 years it has become a very well established destination store due to it's cooked to order Mediterranean cuisine and reasonable prices. Many customers gladly travel in to dine within a 10 to 12 mile radius.Growth & Expansion: Weekly sales average over $5500 and 95% of their sales come from in-store dining and pickup. Sales are consistent and have increased gradually year by year. They do offer catering but it only accounts for approximately 5% of their revenue. Owner said there is a VERY large market for catering due to the numbers of requests they get, although, presently they offer catering on a limited basis. Restaurant has earned fantastic ratings on all of the public websites that review restaurants. They've developed a successful and unique business model that could be grown successfully into additional store locations for the motivated buyer. Breakfast could be added each day and Sunday hours could be offered to increase revenue. It should be noted that they do maintain a very user-friendly website. Very little advertising media is utilized and they have depended mostly on referrals and repeat business for generating revenue.Support & Training: The current owner is willing to remain on for 4 (four) work weeks to familiarize the new owner with the business operation. Employees are well trained and additional support is available from the owner contingent upon an agreeable compensation.

Posted Jun 18, 2016

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