Greek-Italian Restaurant in Sarasota, FL – $650K – $231K Cash Flow, 20+ Years
Executive Overview
Key Investment Highlights
- •Proven success: Over two decades under the same brand, featuring low food costs and popular, time-tested recipes.
- •Outstanding profitability: Seller’s Discretionary Earnings significantly exceed industry averages.
- •Minimal competition: No direct competitors within a 3-mile radius, ensuring sustained market dominance.
- •Diverse, stable clientele: Balanced mix of residential and business customers eliminates seasonal slowdowns.
- •In-house delivery: Avoids third-party fees and maintains complete quality control over customer experience.
This restaurant operates from a recently renovated facility (2023 remodel) with low overhead and favorable lease terms. It features a massive, well-maintained customer database of over 18,000 loyal patrons and a skilled team that ensures smooth day-to-day operations. All recipes, checklists, and procedures are fully documented, enabling a new owner to transition seamlessly. The business is completely turnkey, with no need for a chef and an efficient menu of Greek-Italian favorites, sandwiches, salads, soups, and a popular beer and wine selection.
Significant growth potential exists by simply opening on Sundays, which could increase revenue by up to 15%. Flexible ownership options allow for semi-absentee or hands-on management, and seller financing is available with just $200,000 down, making this an excellent fit for E-2 or L-1 Visa applicants. The current owner works only 22 hours per week, presenting an opportunity for a more involved buyer to further boost profitability. Sarasota’s vibrant market and desirable lifestyle add to the appeal of this unique business.