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Greek Fast Casual Restaurant in SLO NOW REDUCED TO $450,000 FIRM

San Luis Obispo, CA
Asking Price:$450,000
Gross Revenue:$1,355,000
FF&E:$375,000
Cash Flow:$196,000
Rent:$12,149/Month
Established Year:2023
Listing ID: 2221045Listing provided by BizBuySell
BUSINESS DESCRIPTION

Fast Casual Franchise in the World Famous Bubble Gum Alley! PRICE CUT!

NOW REDUCED TO $450,000 FIRM

A rare opportunity to own a restaurant in the world famous Bubble Gum Alley in San Luis Obispo. Currently operating as a Absentee Owner Franchise Fast Casual Greek Street-food restaurant.

With 83+ Locations in operation. Founded 2014, Nick the Greek is a quick service, family-friendly restaurant that offers authentic Greek food suitable for everyone.
The menu features flavorful rotisserie meats, gyros, charbroiled skewers, zesty sauces, and the freshest of vegetables.

All New Construction, Paid +$655,000 for Nick The Greek

A 3rd (after hours) shift is popular with customers as we are one of few food options open late, in the heart of the SLO Bar Seen.
Fully staffed and locally managed all happy and willing to stay on.

Approved Parklet Permit and Plans Available.

All Escrow and Transfer Fees paid by Buyer.
Beer & Wine License Transferable

DETAILED INFORMATION
Location
San Luis Obispo, CA
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,700
Lease Expiration
22/07/2032
Employees
20
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All signs, fixtures, and equipment included except noted leases. All in good working condition at time of changeover POS Brand and Version: Square Remodel Requirements: None Building Type: Historical / end cap Max Capacity: 78
Competition
This is the only Greek restaurant in San Luis Obispo. The brand has 75 outlets and growing, so name recognition is a big factor.
Growth & Expansion
Potential to own more NTG locations with corporate approval.
Support & Training
2 Week Training in San Jose, CA NTG Corporate HQ
Reason for Selling
Sale would allow owner to be closer to his other NTG locations.
Franchise
This business is an established franchise
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