Broward County Restaurant for Sale Returns $123,000 for Absentee Owner

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Broward County restaurant for sale is great opportunity for investor or operator
Asking Price:
$295,000

Gross Revenue:
$636,703
Cash Flow:
$123,440
(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 restaurant for sale is great opportunity for investor or operator. Very profitable, management in place! A full-time operator can only add even more dollars to the bottom line!

Buy this fast-casual restaurant for sale offered by the restaurant brokers in South Florida that has been in existence for 18 years. The current owner has been in place for just a short time, and the restaurant for sale is currently operating absentee. The owner purchased the business for a family member who had to relocate after three months of ownership. With sales of more than $50,000 per month and the operation being run under absentee ownership, this is an ideal opportunity for someone to come in, build sales, control costs, and score a home run. The annualized gross sales of this cheesesteak restaurant is $636,703 and the absentee owner's benefit is $123,000. This calculation does not include adding back a manager salary.

This restaurant for sale is housed in a 2,200 square foot free-standing building that leases for $4,000 per month. More than twenty parking spots are available for the 65 guests that can be seated inside this business that serves the best cheesesteak and wings in the south! The restaurant for sale is located on a very busy road with more than 50,000 vehicles driving by each day. This property has a beer and wine license (2COP).

The fully equipped commercial kitchen in this restaurant for sale comes with a very long hood that covers a flat top grill and two fryers with plenty of room to add much more equipment. The kitchen also features a walk-in cooler, ice machine, two sandwich coolers, slicer, and much more. The business has a POS system, security camera system, four large televisions, and counter space for dining.

The diverse menu consists of Philly Cheesesteaks with more than 10 varieties, chicken wings, with more than 15 different sauces, burgers, hot dogs, sandwiches and hoagies, and salads. Guests can quench their thirst with beer or wine, as this restaurant for sale features a 2COP license. All recipes will transfer, and the enthusiastic staff will remain to insure a smooth transition of ownership of this great opportunity. The absentee owner will spend time with the new owners for two weeks and sign a non-compete for three years and three miles.

About the Business

Year Established:
2000
Number of Employees:
3FT I 4PT
Real Estate:
Leased
Building Sq. Ft.:
2,200
Lease Amount/Mo.:
$4,000.00
Lease Expiration:
3/31/2024
Facilities:
17 tables with a mix of booths and chairs,
55 chairs,
6 bar stools,
4 televisions,
2 high chairs,
3 booster seats,
POS system,
three hotel pan steam table,
2 two door sandwich coolers,
freezer chest,
flat top,
2 fryers,
2 prep tables,
conveyor toaster,
convection oven,
ice machine,
dish machine,
residential freezer,
s/s shelving,
walk-in cooler,
walk-in freezer,
four camera security system,
assorted pots, pans , smallwares
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Mix of local and national retail, restaurant, and service providers
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About the Sale

Reason For Selling:
Other
Training/Support:
Owner will train for two weeks at no additional cost
Seller Financing:
75% down

Listing Info

ID:
1470825
Ad Detail Views:
506

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Business Listed by

Ken Eisenband

We Sell Restaurants

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Sponsoring Broker:

Eric Gagnon
We Sell Restaurants

U.S. Census Data for Broward County, FL
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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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