UNDER CONTRACT! Mediterranean Restaurant! Rev>$50k/mo, Profit>$18k/mo!

This Mediterranean restaurant is located in a busy area of Tyler, TX. The restaurant offers traditional Mediterranean entrees and American recipes. Mediterranean food is known for its health benefits and it is associated with people who live long and healthy lives. This restaurant was renovated in 2021 and the business has been achieving record revenue and profits since that time. The restaurant’s food is very popular in Tyler and 2022 is turning out to be an explosive growth year for this restaurant. The business uses Paradigm Point of Sale (POS) system which is very popular and convenient. Due to health issues, the current owner needs to sell the business. The owner is willing to help the buyer through the transition process. Location: Tyler, Texas Year Established: 2013 Number of Employees: 10 Real Estate: Leased Building Sq. Ft.: 4,750 Rent: $1,742.00 Per Month Lease Expiration: 6/30/2030 Facilities: The restaurant is housed in a spacious and well-equipped stand-alone facility with plenty of parking. The restaurant has a covered area of 4,750 sq. ft. and extremely low rent of $950 (+792 for property taxes). The facility has 1,000 gallon grease trap installed. This location can easily accommodate significant growth in the business. Market Outlook/ Competition: Competitors have tried to open similar Mediterranean restaurants in Tyler over the past decade but they couldn’t compete with its quality of food and service, and eventually closed down. This business has maintained a very loyal customer base who keeps coming back to this restaurant. Growth & Expansion: Currently the owner is not doing much marketing because the explosive growth in business has been difficult to manage with the owner’s health issues. Most of the business comes from existing customers, referrals, and walk-ins. In addition to social media marketing, a new owner can start other customer loyalty programs, such as punch-in cards, to encourage more business. Adding breakfast can immediately increase revenue. There is a 3rd dining room in the restaurant that can be used for parties or as a gift shop.