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Greek Restaurant for Sale in Margate, Florida – Profitable on Day One

Buy this beautifully built out Greek restaurant for sale in Broward County, Florida and make money on the first day of operation. Great location, low rent, and turnkey makes this opportunity a home run. Perfect for a chef or husband and wife team.
 
The Restaurant for Sale was established in April of 2019 and was instantly successful. Sales averaged $40,000 per month from April thru December. The profits in the first eight months of operations were $88,266. In 2020 the restaurant was adversely affected by COVID 19, but still returned a profit of $38,000 to the owner/operator. 2021 has seen an increase of sales. Sales from January through July were $211,973 with a net to the chef/owner of $58.528. All sales can be proved through the POS system.
 
The Restaurant for Sale by We Sell Restaurants occupies 1,587 square feet of space in a busy strip center in Margate, FL. The strip center has more than 30,000 square feet of rental space and 185 parking spaces for its guests. Parking will never be an issue! The shopping center was recently painted, and the parking lot was resurfaced. New pylon signs have been installed and the restaurant is prominently displayed on both sides of one of the signs. The restaurant has excellent visibility from the street and more than 40,000 vehicles pass by daily. The demographics of the area are excellent. The three-mile radius population is 163,535 with an average household income of $60,413. More than 65,000 employees work within three miles of the location. Great for lunch and dinner business. The restaurant seats 44 guests inside and 24 guests on the covered outdoor patio. The favorable lease expires in March of 2029. The monthly rent is $4.370 including CAM and taxes.
 
The fully equipped commercial kitchen at this Restaurant for Sale features an eight-foot exhaust hood and an inground grease trap. Under the hood sits six-eye burner with stove, char-broiler, fryer, and double stacked convection oven. The refrigeration is commercial grade and plentiful. The front of house is decorated beautifully. Please agree to confidentiality and photos will be provided. There is a three terminal POS system for ease of ordering.
 
Currently open six days per week. Closed on Monday. Online reviews have been excellent complementing the food and the service. The menu contains all your favorite Greek dishes. Dips and spreads, soups, salads, wraps and pitas, roasted meats, moussaka, pastiche, seafood, and desserts are all available and prepared by the chef/owner. The menu and all recipes will transfer with sale and the seller will remain for two weeks of training to insure a smooth transition of ownership.
 
 

Please click on the tab below to easily acknowledge confidentiality on this Restaurant for Sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Ken Eisenband at (561) 350-3365

This is an exclusive listing of We Sell Restaurants who is the rightful owner of all intellectual property associated with this website. This may not be duplicated without the express permission of We Sell Restaurants. We Sell Restaurants is a federally registered trademark.

Listing

  • Listing#: 8406
  • Price: $149000
  • Location: Margate

Lease Term: Expires February 14, 2029

Monthly Rent: $4370,

Indoor Seating: 44

Inside Sq. Ft: 1587,

Hood System: Yes

Neighboring Businesses: Restaurants, Retail, Service Providers

Hours Open: Tuesday thru Thursday 12 - 8, Friday 12 - 9. Saturday 4 - 9, Sunday 4 - 8, Closed in Monday

# of Part-Time Employees: 3

# of Full-Time Employees: 2

Net Sales: $211770.00

Owner Benefit: $38177

Features

  • Greek Restaurant for Sale in Margate, Florida will have you profitable on Day 1
  • Perfect for Chef or Husband and Wife Team
  • Great Demographics - Three mile radius population is 163,535 residents with average household income of $60,413
  • More than 64,000 employees work within three miles of restaurant which is great for lunch business
  • Fully Equipped Commercial Kitchen has eight foot exhaust hood and inground grease trap
  • Rent is only $4,370 per month including all CAMS and taxes
  • Menu and Recipes will Transfer and the Seller will train for two weeks at no cost
  • Restaurant for Sale