Listed by Keller Williams Town Life
$399,999
Mediterranean Restaurant for Sale
Details
Property Type Hospitality
Cap Rate 62.5%
NOI $250,000
16 Year Old Income Producing Business For SaleG
Marketing description
This established restaurant serving Mediterranean food like Schwarma, Falafel, Shish Kabob, Houmus and salads has a strong following, both eat in and take out. Grub Hub, Door Dash keeps the kitchen busy. Turn key business. Owner will train. Employees staying.
Owner opened 2nd location closer to home and can not manage both.
Investment highlights
Net $250,000 year income
Gross $500k-$600k a year.
Sales and Expenses recorded through POS
$3250 / mo rent w 3 Years left and a 5 year option
Listing Contacts
Listed by Keller Williams Town Life
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$250,000.00
$20,833.33/mo
Valuation Metrics
0
DSCR
62.5%
Cap Rate
62.5%
ROI
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