Profitable Greek Restaurant | 20+ Years | Retirement Sale | Lease Extension Available | Prime North Shore Location

Description

After more than 20 years of successful ownership, the owner of this well-known neighborhood Greek restaurant is preparing for retirement, creating a rare opportunity to acquire an established business with deep roots in the community and significant upside for a new operator.

This restaurant has earned a loyal following by serving authentic Greek cuisine to generations of repeat customers. Positioned along a busy commercial corridor with outstanding visibility and accessibility, the business benefits from consistent neighborhood traffic and a reputation built over decades.

The business currently generates approximately $500,000 in annual sales, with approximately 80% of revenue coming from takeout, providing a strong foundation while leaving substantial room to expand dine-in service, catering, alcohol sales, and other higher-margin revenue streams. Prior to COVID, weekly sales reportedly reached $10,000 to $15,000 per week, demonstrating the business's historical earning potential under the right ownership and operating strategy.

The restaurant occupies an efficient approximately 1,200-square-foot space with attractive occupancy costs of approximately $4,100 per month, including base rent and taxes (subject to lease verification). To help ensure a smooth transition, the landlord has indicated a willingness to extend the lease for a qualified new owner, providing valuable long-term stability for the business.

The restaurant is fully equipped and operating, allowing a buyer to begin generating revenue immediately without the expense, delays, and uncertainty of building a restaurant from the ground up. A key long-term employee is expected to remain after the sale, helping provide continuity throughout the ownership transition.

Whether you're an experienced restaurateur looking to expand your portfolio or an owner-operator seeking an established business with built-in goodwill, this opportunity offers an exceptional foundation for continued success.

Highlights

• Owner-operated since 2004 (more than 20 years)
• Retirement sale after decades of successful ownership
• Approximately $500,000 in annual sales
• Historical weekly sales of $10,000-$15,000 prior to COVID
• Prime North Shore location with excellent visibility and strong traffic counts
• Approximately 1,200-square-foot efficient footprint
• Attractive occupancy costs (approximately $4,100/month, including base rent and taxes, subject to lease verification)
• Landlord willing to extend the lease for a qualified new owner
• Approximately 80% takeout business with loyal repeat clientele
• Fully equipped commercial kitchen and dining area
• Experienced staff in place, including a key employee expected to remain
• Strong community reputation built over two decades
• Turnkey operation with immediate cash-flow potential

Growth Opportunities

A motivated operator has numerous opportunities to build upon an already successful business:

• Obtain a liquor license to increase average ticket size and evening dining traffic (subject to approvals)
• Expand dine-in service while maintaining the restaurant's strong takeout business
• Increase catering to local businesses, schools, churches, and private events
• Grow online ordering, digital marketing, and customer loyalty programs
• Expand third-party delivery and direct online ordering
• Refresh branding and social media presence to attract new customers
• Recapture historical sales levels through focused marketing and operational improvements

Ideal Buyer

This opportunity is ideal for:

• Owner-operators seeking an established restaurant with immediate cash flow
• Restaurant groups looking to expand on Long Island
• Hospitality entrepreneurs who want to avoid the expense and risk of a startup
• Family operators looking for a respected neighborhood business with a loyal customer base

Confidential Opportunity

Established restaurants with decades of operating history, loyal customers, and genuine retirement sellers rarely become available.

This is an opportunity to acquire a respected local business with an established reputation, immediate operating capability, and meaningful upside for the next owner. Combined with a landlord willing to extend the lease for a qualified buyer, this offering provides the stability and growth potential that restaurant buyers are looking for.

Confidential sale. An executed Non-Disclosure Agreement (NDA) and proof of financial capability are required before the business name, financial statements, or exact location will be disclosed.