Mediterranean Restaurant in Gates
DESCRIPTION: A long-standing, well-known Family Restaurant with an attached bar, and lounge. Located in a strip mall setting Operating since 1978 Very loyal clientele Premises size 5,500 square feet Menu consists of an American and Greek style specialty’s Open 6 days a week, breakfast, lunch and dinner. Closed Sundays Plenty of well-lit parking available ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price): Furniture, Fixtures, and Equipment at a fair market installed value of $ 75,000 Inventory at Cost of $ 5,000 LEASE ARRANGEMENTS: Current lease is $ 5,560 gross a month. A new lease can be negotiated REPORTED SALES 2024 2022 SALES $492,577 $5243,736 PRICE/FINANCING: Asking price is $185,000 Financing is available with 50% down. COMMENTS: Ideal location for a Bar lounge. Restaurant does need some remodeling. Owner looking to retire after 43 years