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Restaurant for Sale in Kuwait City, Kuwait

Upscale Greek restaurant turnaround opportunity in Kuwait.
This transaction has concluded.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 360 thousand
Run Rate Sales USD 360 thousand
EBITDA Margin 2 %
Industries Restaurants
Locations  Kuwait City
Local Time 8:33 AM Asia / Kuwait
Listed By Advisor / Business Broker
Status Active
Overall Rating
Full Sale
Asking Price: USD 180 thousand (Native Currency: USD 180,000)
Reason: One partner leaving country and another partner has limited capacity to supervise due to other job-r... View More
Includes physical assets worth USD 180 thousand
Interested to connect with advisors
Documents
Business Overview
- High-end Greek restaurant in Kuwait offers an authentic yet modern take on traditional Greek cuisine. Established in April 2022, the restaurant collaborates with a renowned Greek chef to create a unique dining experience. Located in a prime area, it uses high-quality ingredients sourced directly from Greece, appealing to both locals and expatriates.
- Target market includes upper-middle-class residents, diplomats, and high-income expats who seek a Mediterranean dining experience.
- The restaurant distinguishes itself by incorporating elements of Greek culture such as plate breaking and live music, attracting experience and vibe seekers.
- Strengths include being a market pioneer, offering unique recipes, and having an executive chef with extensive experience in Greek cuisine.
- The business model covers dine-in services, a cloud kitchen for Greek street food delivery, bakery sales, and catering services for private and corporate events. With plans for expansion and a focus on unique cultural events, the restaurant is poised for significant growth in the GCC market.
- Online sales amount to about 10% of the total sales.
- The business is registered and has an active food license in place.
Products & Services Overview
Upscale Greek restaurant in Kuwait. Top selling products include traditional Greek dishes like mousakka based on tenderloin and seafood.
Assets Overview
Tangible assets: Kitchen equipment, furniture, and fixtures.
The above assets are worth USD 250K but the user is selling them at a discounted price of USD 180K.
Facilities Overview
Restaurant premise is on lease and has a seating capacity of about 50 seats, 25 indoor and 25 outdoor. The indoor area is about 100 sqm and is located in Kuwait.
Capitalization Overview
Two owners hold 49-51% respectively. The business is funded by the partners only and there are no loans on the business.
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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