Thriving Organic Mediterranean Restaurant in Prime Downtown Location!
Binghamton, NY
| Asking Price: | $130,000 |
| Gross Revenue: | $184,325 |
| EBITDA: | $34,446 |
| Cash Flow: | $34,446 |
| Rent: | $1,250/Month |
Listing ID: 2304550Listing provided by BizBuySell
BUSINESS DESCRIPTION
Offered for sale is Despina's Mediterranean Taste, a thriving and well-established restaurant in the heart of Downtown Binghamton, NY. Since 2008, Despina's has been a staple in the community, renowned for its all-organic menu and authentic Mediterranean cuisine. Known as a favorite lunch destination, it attracts a loyal customer base and benefits from strong word-of-mouth recommendations.
This turnkey opportunity includes all goodwill, furniture, fixtures, and equipment (FFE) necessary to open immediately. With its excellent reputation and prominent location, this is an incredible opportunity for an aspiring restaurateur or experienced operator to take over a successful and beloved business.
DETAILED INFORMATION
Location
Binghamton, NY
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,356
Facilities
The restaurant operates out of a leased space in a high-traffic downtown location. The space is fully outfitted with all necessary furniture, fixtures, and equipment, providing a seamless transition for a new owner.
Competition
Despina's Mediterranean Taste thrives in the bustling Downtown Binghamton market, attracting a mix of professionals, university students, and residents with its focus on organic, high-quality Mediterranean cuisine. Established in 2008, it has built a loyal customer base and a strong reputation as a go-to lunch destination. Located in a high-foot-traffic area near cultural and business hubs, Despina's stands out from competitors with its unique offerings, prime location, and established community presence.
Growth & Expansion
With Downtown Binghamton experiencing continued development and foot traffic growth, there is potential to extend operating hours, expand the menu, or introduce catering services. The established goodwill provides a strong foundation for further growth.
Support & Training
The seller is willing to provide training and support for a negotiated period to ensure a smooth transition.
BUSINESS LOCATION
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