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Nick The Greek Santa Monica CA - Quick Service Restaurant

Santa Monica, CA
Asking Price:$788,000
Gross Revenue:$965,000
Rent:$8,000/Month
FF&E:$292,000
Cash Flow:$195,000
Inventory:$12,000
EBITDA:$195,000
Established Year:2021
Listing ID: 2263733Listing provided by BizBuySell
BUSINESS DESCRIPTION

Authentic Flavors, Fast and Fresh – Taste Greece in Every Bite!

Nick The Greek is a thriving Greek Quick Service Restaurant franchise (75+ locations), for more info: https://ntgfran.com/ , for delivering the vibrant and authentic flavors of Greece to a loyal customer base. This Santa Monica Franchise location is a local favorite, offering Greek street food crafted with the finest ingredients and prepared exactly as it is in Greece. From succulent gyros to juicy souvlaki and refreshing tzatziki, every dish takes customers on a delicious journey to the streets of Athens.

Key features include:

- Prime location (corner 3rd street Promenade) in a prestigious town with high foot traffic
- Huge potential for office/retail/commercial catering market
- Established reputation for quality and authenticity
- Fully equipped kitchen and modern facilities
- Efficient operations with trained staff
- Strong online presence and excellent reviews
- Support and resources from the franchise network


This is a turnkey opportunity for someone passionate about maintaining the rich tradition of Greek cuisine. Step into a well-loved and profitable franchise business, and continue the legacy of serving delicious, fast, and fresh Greek street food to a dedicated and growing clientele. Taste Greece in every bite and bring a piece of Athens to your community!

ATTACHED DOCUMENTS
NDA Buyer Confidentiality NTG Santa Monica Aug 2024.pdf.pdf Download
DETAILED INFORMATION
Location
Santa Monica, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,457
Lease Expiration
18/12/2030
Employees
10
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business includes a fully equipped kitchen with modern appliances, a well-designed dining area, and essential equipment such as grills, fryers, and refrigeration units. The facilities are optimized for efficient operations and customer service. Additionally, the restaurant comes with point-of-sale systems, furniture, and décor that align with the franchise’s branding. All assets are in excellent condition, ensuring a smooth transition and immediate operation for the new owner.
Competition
Nick The Greek quick service restaurant market is thriving, driven by increasing demand for authentic, convenient dining experiences. Consumers are drawn to fast, flavorful options that deliver genuine ethnic cuisine. While competition includes other quick service and Mediterranean eateries, the unique authenticity and quality of this franchise set it apart. Leveraging strong brand recognition and loyal customer base, this restaurant stands out in a growing market focused on fresh, flavorful, and fast Greek street food.
Growth & Expansion
Growth Pros: The franchise’s strong brand and market demand for authentic Greek street food present significant expansion opportunities. With proven systems and ongoing support, scaling up can be efficient and profitable. Additionally, the growing trend toward convenient, quality ethnic cuisine supports further growth. Cons: Expansion requires investment and increased operational complexity. Managing multiple locations can strain resources and affect quality if not carefully monitored. It is important to ensure consistent standards and staff training.
Financing
-SBA eligible with 10% down -$1 million net worth required by Franchisor
Support & Training
The franchise offers comprehensive support: Training: Covers food prep, cooking, customer service, and management. Support: Continuous expert advice. Marketing: Professionally designed materials and campaigns. Systems: Proven for efficiency. Suppliers: Trusted for quality. Innovation: Regular menu updates. Confidently run this Restaurant with franchise backing.
Reason for Selling
Selling to focus on my other ventures.
Franchise
This business is an established franchise
BUSINESS LOCATION
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Antonius Vanhappen
Phone Number
Antonius Vanhappen
Call Phone