Hot Listing

Popular long established community restaurant in Big Pine Key, FL

Asking Price$435,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$1,000,000

InventoryNot Disclosed

FF&ENot Disclosed

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Hot Listing

Popular long established community restaurant in Big Pine Key, FL


Asking Price$435,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$1,000,000

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Popular, long term stable, great staff, great customer base
A rare opportunity to live and thrive in the heart of the lower Florida Keys! This restaurant is priced based off the poor economy of the last few years, but has the promise of growth in the upcoming economic rebound. It is the perfect time to buy this restaurant.

Some restaurants are great, some good and some not so much. This is truly a great restaurant, and every restaurant at this location for the last 40 years has done well. Owners have been in Key West and Big Pine for over 25 years and know the people, visitors and economy well. The menu, staffing and processes have been greatly refined since Covid and the restaurant is currently highly efficient and profitable. If you know the Keys, you know that this is a tremendous accomplishment.

Only due to a medical reason is this restaurant available for sale. This is a much loved restaurant, with a great clientele (no problems with customers), long term devoted front of the house staff and a solid kitchen staff. The Rooster is a sober and abuse free workplace.

Prices are very fair, food quality is very high and the staff is often called the friendliest in the Keys. They are told multiple times a day that the food is the best that guests have had since being in the Keys. It is common a breakfast guest will return the same day for lunch or dinner. FOH staff say, "It is a joy to talk with our guests, and even the occasional grumpy guest often wins a place in our hearts."

Due to the medical issue of one of the owners, the restaurant has been run only to maintain high standards and a great reputation. They have not advertised, promoted the restaurant or had a real social media presence. The sales numbers are what naturally walks through the door, offering an excellent opportunity for a new owner to significantly increase business.

The Rooster remained steady through Covid, and were the only restaurant in the area that did not have a single case of Covid among the staff (Their high standards extend to the cleanliness and sanitary standards of the front of the house. They are also Healthy Service Certified).

Real estate is not included but the rent is very reasonable, and there is 4.5 years left on the lease. Office trailer, whole restaurant generator, food inventory, chairs, stools, most kitchen equipment (the rest is included in the lease) all plate ware, glasses, silverware, surveillance equipment, outdoor seating, pos system, online ordering, website etc. included. This is truly turn key with no issues.

This business last sold for $750,000 in 2018 (restaurant business only, no real estate) . The sale price today is well below actual value and is firm. It is important to the owners that the new owner be an asset to the community and continue the tradition of community service.

Executed NDA required to receive financials. Showings for qualified buyers only, please understand and respect that the owners' time is very restricted. Stop by any time and have a meal, breakfast, lunch or dinner and you will immediately understand and appreciate this restaurant. Owner would be happy to stay on for up to 6 months for training and support, to be negotiated.

Price has been lowered due to a current medical opportunity. If this opportunity is not realized, price may go back up.
About the Business
Years in Operation
6
Facilities & Assets
Office trailer, whole restaurant generator, food inventory, chairs, stools, most kitchen equipment (the rest is included in the lease) all plate ware, glasses, silverware, surveillance equipment, outdoor seating, pos system, online ordering, website etc. included.
Website
http://www.bigpinerooster.com
Market Outlook / Competition
We are fully operational with minor repairs ongoing. Kitchen is large and functions well. Only small repairs are necessary.

The Keys are separated into drinking establishments and restaurants. We are proud to be called the best family restaurant in the Keys. Multiple times a day we are told we are the best food visitors have had since being in the Keys, and the friendliest service. We have a beer and wine license, and while we do not benefit from liquor sales, we also do not have the problems that come along with that.
Opportunities for Growth
This restaurant has massive growth potential. There has been virtually no advertising or promotion in the past 6 years. The reputation among the good people of the Keys and visitors is rock solid. Menu is great, food and labor costs good and a devoted, trustworthy staff.
Real Estate
Owned or Leased
Leased
Rent
$7,000.00 per month
Lease Expiration
12/31/2029
About the Sale
Seller Motivation
Serious medical issue of one of the owners requiring out of country surgery.
Transition Support
Owners can offer up to 6 months training and assistance, to be negotiated.
Listing Info
ID
2319157
Listing Views
5821
Business Location

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Business Listed by: Rich Werner

Listing ID: 2319157 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.