Fast-Casual Mediterranean Restaurant Ready-to-go w/ Apartment Upstairs
| Asking Price: | $300,000 |
| Rent: | $8,632/Month |
| FF&E: | $125,000 |
| Gross Revenue: | $1,043,469 |
| EBITDA: | $126,902 |
| Established Year: | 2022 |
Price-Reduced
Rare opportunity to own a top performing, Mediterranean (franchise) restaurant in the heart of Isla Vista, CA. [Family moving out of state*].
Business Valuation report available* • Asking Price Reduced for Serious Buyers:
We have recently reduced our asking price to demonstrate our commitment to selling this business promptly. This adjustment reflects our desire to find the right buyer without compromising on the value the business brings. Act now to take advantage of this opportunity and secure a well-established, profitable business at a competitive price.
Restaurant is just over 2 years old with fully-staffed and turn-key operation ready for a qualified owner. This business location is in the heart of Isla Vista (Goleta) a beachside community just a 5 minute walk from the University of California, Santa Barbara (UCSB).
• Owner duties (payroll, hiring, & schedule).
• A fully optimized ‘Ready-To-Go’ Restaurant:
- Fully trained staff
- Complete business operations and systems in place
- Consistent success and profitable growth since opening May 2022
• Restaurant Concept:
- Fast-casual restaurant is a modern Mediterranean style menu that features a build-your-own ordering setup. Main entrees are bowls, pitas and wraps - made fresh to order.
The location has established a solid reputation offering a healthy and delicious mediterranean food option. The brand is popular with the UCSB college community, Isla Vista, Goleta and greater Santa Barbara area.
• Building & Location Details :
- Building size: 2,500 sq. ft. -
- Zoned for: Mix use (Residential & Commercial)
- Leased
- Buildout & Equipment cost: (approx.) $300k , completed 2022
• 1st floor: Restaurant - 1,250 sq. ft.
• 2nd Floor: Apartment - 1,250sq. ft.
- Second floor includes complete living space for 2-4 people.
- Features: Living room, kitchen w/ stove & refrigerator, full bathroom w/ shower, washer & dryer ctn., built-in heating system, office & master bedroom, patio deck, office and storage room.
Qualifications:
*Buyer will need to show proof of funds and get pre-approved upon making an offer as the location will need a buyer to demonstrate appropriate finances, credit score and preferably prior experience in food service or other business as the landlord will need to ensure the new owner will continue to build a successful business and will be reliable in paying rent.
*Buyer will also need to be approved by the Franchise Corporate Office and pay the Franchise Transfer Fee as stated in the franchise agreement.
—— Interested?.. See below about an NDA.
Only for serious buyers that are ready to buy now: Please sign an NDA for more information, we require NDA signatures before discussing this business opportunity. Email us at alipourholdingsllc@gmail.com and we will send you the NDA instructions.
