Breakfast and Lunch Restaurant for Sale in Miramar, FL - Owner Retirin

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Ready for New Owner! Bring Offers!
Asking Price:
$75,000

Gross Revenue:
$168,960
Cash Flow:
$64,392
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Broward County, Florida Breakfast and Lunch Restaurant for sale has 32 years of history under same owner. Low rent and fully equipped, this opportunity will not last long.
This Miramar restaurant for sale has been operating under the same ownership for the last 32 years. The chef/owner and his wife run this breakfast and lunch diner along with a service staff. The seller's discretionary income in 2017 was in excess of $61,000. By adding delivery either by your own drivers or third party delivery services your business will grow immediately. The area can certainly support increased hours. Adding dinner would be a new income stream for this restaurant for sale.
The business is housed in a grocery anchored shopping plaza in Miramar. The second anchor of the plaza is a large auto parts retailer. Other tenants include national franchised restaurants, retail, and service providers. The traffic count on the highly commercial road in front of this restaurant for sale is 59,500 vehicles per day. This restaurant for sale is less than two miles away from both the Calder Race Track and Casino and the Hard Rock Stadium. Contact We Sell Restaurants today to make an offer!
Great trade area! The three mile radius population is 177,493 residents with an average household income of $55,107. The restaurant seats 50 guests in its 1,300 square feet of space. The monthly rent is a very low $3,259 per month including all taxes and CAM.
The fully equipped commercial kitchen has everything you need. Featuring a 13 foot exhaust hood and in ground grease trap the equipment package is more than you will need even if you expand hours and sales. The kitchen equipment includes a six eye burner, combo unit of six eye burner and flat top and stove, fryer, char broiler, and gyro cooker at this restaurant for sale.
The chef/owner of this restaurant for sale was born in Greece and his wife is of Italian decent. Together they have developed a diverse menu that is cost effective. Breakfast is standard fare that includes egg dishes, pancakes, French toast, and waffles. Lunch includes Greek favorites, Italian specialties, and Diner standards. By minimizing waste in developing the recipes the food cost is kept very low. The current menu can easily be used as a dinner menu if you so desire.

About the Business

Year Established:
1986
Number of Employees:
4
Real Estate:
Leased
Building Sq. Ft.:
1,300
Rent:
$3,263.00 Per Month
Lease Expiration:
5/31/2022
Facilities:
10 tables 4 stools 50 chairs 3 neon signs assorted smallwares pots pans utensils utility cart coffee maker freezer chest two door glass beverage cooler cash register two door sandwich cooler 3 toaster three pan steam table three door stand up cooler one door stand up cooler 3 freezer chests 2 residential coolers prep table office desk and chair generator dish machine three compartment sink six eye burner combo six eye burner and flat top with one oven fryer char broiler gyro cooker slicer small pizza oven mixer 2 microwaves
Website:
https://www.wesellrestaurants.com
Market Outlook/
Competition:
Popular Grocery Anchored Plaza has more than 59 000 vehicles passing by each day Thirty two years of goodwill has built in customer base Commercial road surrounded by residential areas
Growth & Expansion:
This business can add delivery through third party services for immediate increase in sales and profit Very busy area could increase sales with expanded hours to include dinner
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Owner will train for two weeks at no additional cost

Listing Info

ID:
1577461
Ad Detail Views:
0

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Business Listed by

Ken Eisenband

We Sell Restaurants
License# BK3249847

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View My 34 Active Listings
Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for Broward County, FL
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Broward County, FL
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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