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#4459
Palm Beach

Well Known Greek Restaurant in South Palm Beach For Sale

$159,000
Well Known Greek Restaurant in South Palm Beach For Sale
This Listing is Expired

Reason for Sale: Focusing on other restaurant location- Well Known Greek Restaurant in South Palm Beach. Authentic Greek restaurant in Boca Raton. Open for Lunch & Dinner -7 days per week. Eat in-Take out-Catering. Seating for 55 customers. Great buildout w/ over $200k invested. Fully equipped kitchen w/ walk ins & hood system. Shopping center has many Nat'l brand retailers w/ strong consistent customer traffic. Owner benefit for a working chef owner $80k. Exp restaurant staff will aid new owner on the turnover. Video tour available. 2014 #'s - October $312,103

This is a Murphy Business & Financial Services Inc listing.
Broker Russell Cohen DRE License #SL679527

Lease

Region:
Palm Beach
Lease Term:
Expires 10/1/16
Total Monthly Rent:
$6,500

Financials

Last Year's Annual Gross:
$386,912
Last Year's Owner's Cash Flow:
$58,384

Operations

# of Full-Time Employees:
4
# of Part-Time Employees:
1
Hours Open:
Monday-Sunday 11-9

Facilities

Inside Sq. Ft.:
1,650

Financing

Down Payment:
$159,000
Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 24,232 93,228 190,550
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 9,926 39,229 74,524
2010 Persons Per Household 1.94 2.07 2.29
Median House Value $192,600 $246,716 $252,779
Income Per Household $48,713 $59,610 $63,921
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 796 2,597 7,234
2012 Number Of Employees 13,770 44,052 153,680
2012 Total Annual Payroll $226,000,000 $895,180,000 $3,736,971,000

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Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that South Florida Business Broker Russell Cohen ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, foreward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.


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