Well Established Greek Restaurant

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Well Established Greek Restaurant

Shreveport, LA

Asking Price:

$499,000

Cash Flow:

$107,529

Gross Revenue:

$478,576

Inventory:

$7,000 Included in asking price

EBITDA:

Not Disclosed

Real Estate:

Leased

FF&E:

$10,000 Included in asking price

Established:

2012

Business Description:

Business Overview

The restaurant operates from a 1,567 square foot facility with seating capacity for approximately 35 guests. The business maintains multiple service channels including dine-in, drive-through, curbside pickup, delivery, and outdoor seating options to maximize revenue opportunities.

Financial Structure

Monthly rent: $3,240
Staffing: 3 full-time and 2 part-time employees
Seller financing available: 50% down payment with 10% interest on remaining balance

Operational Advantages

Favorable lease terms with approximately 4 years remaining plus 5-year renewal option
Experienced management team including General Manager with over 15 years tenure
Established customer base with strong local reputation evidenced by positive customer feedback
Absentee ownership model currently in place with owner residing out-of-state
Complete staff retention expected post-transaction

Market Position

The restaurant has developed a strong local presence serving authentic Mediterranean cuisine in the Shreveport market. Customer testimonials highlight food quality, service excellence, and convenient location as key differentiators.

Menu Offerings

Comprehensive Mediterranean menu featuring:
Gyros and shawarma varieties (chicken, beef)
Traditional appetizers including hummus, grecian dip, grape leaves
Fresh salad selections
Authentic Mediterranean entrees

Growth Potential

Current absentee ownership structure presents opportunity for hands-on operator to maximize operational efficiency and financial performance. Established systems, experienced staff, and proven market demand provide foundation for continued growth under new ownership.

This represents an opportunity to acquire a fully operational restaurant with established market presence, experienced team, and flexible lease arrangements in a growing market segment.

Detailed Information:

Inventory:

$7,000 Included in asking price

Real Estate:

Leased

Building SF:

1,567

Employees:

5 (3 Full-time, 2 Part-time) All employees are expected to continue to work for a new owner.

Furniture, Fixtures, & Equipment (FF&E):

N/A

Facilities:

This restaurant is configured for efficiency and quick customer service and seats approximately 35 people. This restaurant is 1,567 +/- square feet with a Drive-through window. There is a competitive Lease in place with 4-years remaining and an option for 5 additional years.

Competition:

Shreveport and surrounding areas continue to enjoy a thriving restaurant community. There are few Greek restaurants in the area with customers continuing to want fresh alternatives. This restaurant has great visibility from a major highway, with easy ingress / egress and plenty of parking.

Growth & Expansion:

The company has a strong presence and following on Facebook. Creation of additional social media platforms will help increase targeted advertising. This, while maintaining operational execution and customer service, will substantially increase top line sales. A new owner could also substantially and positively impact top-line sales by implementing an off-premises catering program. The restaurant does not sell alcohol. By adding low alcohol content offerings (beer & wine) the restaurant may be permitted to have video gaming. The addition of alcohol and video poker could substantially increase profitability.

Support & Training:

All employees and the General Manager are well-trained and will work with a new owner hands-on for up to 14 days.

Reason for Selling:

Reason for Selling: Owner lives out of state and is ready to retire.

Franchise:

N/A

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