Greek Restaurant

SOLD

$238,000* Souvlaki franchise

For sale is this market leader in the high growth Quick Services Restaurant category and has become famous for its delicious tasting and healthy food. The menu features savoury souvlaki; fresh salads; warm and seasoned pita; roasted potato; steamed rice; fried calamari etc.

This is a proven franchise concept with a very profitable business model.

The business is easy to operate with an owner and a partner with several part time employees.

Franchise Training is required. Potential new owner must be financially pre-qualified by the Franchisor. English speaking is a must!

 

KINDLY RESPECT THE OWNER AND THEIR STAFF, PLEASE DO NOT APPROACH DIRECTLY.

 

YEARS IN BUSINESS 10 year(s)

FLOOR AREA 400 sq ft.

EMPLOYEES Fulltime: owner Part time:

LEASE TERM 2012 + 3 1/2 + further option

PARKING Free Mall Parking

 

ADDRESS

Marine Drive, West Vancouver

 

ASKING PRICE $ 298,000

 

BUSINESS HOURS

Monday: 10:00 AM to 07:00 PM

Tuesday: 10:00 AM to 07:00 PM

Wednesday: 10:00 AM to 09:00 PM

Thursday: 10:00 AM to 09:00 PM

Friday: 10:00 AM to 09:00 PM

Saturday: 09:30 AM to 06:00 PM 

Sunday: 11:00 AM to 06:00 PM

 

YEARLY SALES

Food and Beverages: confidential

 

YEARLY GROSS INCOME $ 332,000 (after COG and Royalty + Ad)

 

YEARLY OPERATING COSTS

Gross Rent: $ 77,000

Employee Wages: $ 135,500

Hydro: $ 10,200

Insurance: $ 1,300

Phone Interac: $ 1,200

Waste Removal: included in rent

Security Alarm: $ 360

Others: $ 15,000 (misc)

 

YEARLY EXPENSES $ 237,009

YEARLY NET INCOME $ 94,991 EBITDA

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