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Restaurant Franchise for Sale - The Simple Greek

Lexington, KY (Fayette County)

We Sell Restaurants 888.814.8226
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Asking Price: $129,900

Cash Flow: $0

Gross Revenue: $516,701

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $6,006 /Month

Established: 2017

Restaurant Franchise for Sale - The Simple Greek

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Business Description

Buy this Simple Greek restaurant franchise for sale for a fraction of the cost of starting a new store and you'll be joining a fast-growing, proven concept that is totally unique in the fast food industry. Gross sales over $500,000! Possible Seller Financing!
The Simple Greek brand says that a reasonable expectation to start a location is between $300,000 - $640,000 but with this opportunity you are getting a turn-key location at a fraction of the original investment. With this restaurant franchise for sale being priced at $129,900 you are literally saving hundreds of thousands of dollars off the initial investment.
We Sell Restaurants is offering this turn-key space that is 2200 square feet with rent including CAM's for under $3 per foot and a six-year lease is in place. This restaurant franchise for sale boasts seating for forty and includes a beer and wine license. Huge opportunity!
This restaurant franchise for sale has an excellent location in a very busy shopping center anchored by a major food chain and numerous local and national retailers bringing thousands of customers to the center every day with high traffic count.
The current owner of this restaurant franchise for sale is absentee and due to time constraints is unable to continue. The deal they are offering is unmatched with a turn-key, fully equipped space, as well as two-week on-site owner training. All for far less than the price of most franchise's start-up equipment. This location has barely scratched the surface on the catering opportunities, tons of potential is waiting for the new owner to come build up these sales.
This restaurant franchise for sale has a fully equipped commercial kitchen that includes the following equipment: Refrigerated work top, Mega top sandwich salad preparation refrigerator, Refrigerated self service under counter height case, Mega top sandwich salad preparation refrigerator, Walk in cooler modular self contained, Walk in freezer modular self contained, Range 24 inch 4 open burners, Fryer gas floor model full pot, Charbroiler gas countertop, French fry cutter, Rice cooker, Pro commercial microwave oven, Serving counter hot food electric, Display case hot food countertop, Heated cabinet mobile, Equipment stand refrigerated base, Work table cabinet base sliding doors, 7 work tables stainless steel top, Ice maker cube style air cooled self contained, Mop sink, Hand sink, Three compartment sink, Fryer filter mobile.
A total of eleven employees are in place including two full-time. They are ready to help you start delivering profits on this restaurant franchise for sale. With the current staff in position a new owner/operator can come in and take advantage of the catering side of the business where the potential is limitless.
The Simple Greek was named as Franchisee of the Year in 2018 and was mentioned as a high-growth, emerging concept to watch at the 2019 National Restaurant Show by Tehnomic, Inc. When buying this restaurant franchise for sale you get an fast growing brand that delivers the power of social media, television, and the celebrity status of its founder Marcus Lemonis who is a household name. The brand was founded in 2015, franchised in 2016 and currently on track to have fifty stores open by year-end.

Detailed Information

Location:
Lexington, KY
Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
5/26/2020
Employees:
11
Facilities:
Refrigerated work top Mega top sandwich salad preparation refrigerator Refrigerated self service under counter height case Mega top sandwich salad preparation refrigerator Walk in cooler modular self contained Walk in freezer modular self contained Range 24 inch 4 open burners Fryer gas floor model full pot Charbroiler gas countertop French fry cutter Rice cooker Pro commercial microwave oven Serving counter hot food electric Display case hot food countertop Heated cabinet mobile Equipment stand refrigerated base Work table cabinet base sliding doors 7 work tables stainless steel top Ice maker cube style air cooled self contained Mop sink Hand sink Three compartment sink Fryer filter mobile
Competition:
Marcus Lemonis company Power of social media television and celebrity status Franchisee is Mr Lemonis operating partner Build your own greek is a fast growing category
Growth & Expansion:
High traffic count Kroger as shopping center anchor lots of potential to grow catering
Support & Training:
2 weeks owner training on site.
Reason for Selling:
Personal
Franchise:
This business is an established franchise
Business Website:
http://www.wesellrestaurants.com
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Contact the Seller

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Robin Gagnon

Business Listed By:
Robin Gagnon

We Sell Restaurants

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The Georgia Association of Business Brokers (GABB).


Sponsoring Broker:
Eric Gagnon

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