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Florida Business For Sale |
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| FINE DINING RESTAURANT ESTB.11 YRS! SE FLORIDA PL |
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| Attn: Tom Neenan |
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| Plantation, FL, USA |
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| Asking Price: |
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$450,000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Restaurants, Fast Food, Deli |
| Reason for Selling: |
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Retirement |
| Year Established: |
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1996 |
| # of Employees: |
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12 |
| Yearly Cash Flow: |
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$100,000 |
| Yearly Gross Income: |
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$800,000 |
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Business for Sale Overview:
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This fine dining restaurant has been in operation for 11 years.It is the oldest award-winning,upscale restaurant in its town. Live Jazz on Friday and Saturday nights. It has a full bar with an 4COP SRX liquor license. This restaurant has established itself as a classy fine dining restaurant. The restaurant is open for lunch and dinner. The menu is great American cuisine serving steaks, chops, seafood, and pasta. There is a chef and floor supervisor. The owner decided to retire after building sales to $800k per year. The restaurant is very well known and has a prominent position in an upscale strip shopping center in SE Florida.The equipment is valued at $200k and the liquor license is valued at $120K. The restaurant is in a 4902 square foot elegantly decorated space. The kitchen is complete and has a back entrance hallway to serve the private banquet room. The lease is long term and the owner will consider holding a note for a qualified buyer.
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Property Features and Assets:
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: This restaurant is located in a shopping center in a prime anchor location. The visibility is fantastic! The size is 4902 sq.feet.The rent is $10,212 per month and the lease expires 2015. No CPI increases |
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Market Competition and Expansion:
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Competition: This restaurant has been in operation for 11 years. It is very well known and is established as a fine dining restaurant which does parties , showers, luncheons and has a full bar. This restaurant has little competition.Growth and Expansion: Tremendous growth possibilities! The area can easily support catering and Sunday brunches as well as more corporate functions, by adding a sales person |
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Additional Details:
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- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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