Restaurnat and Bar for Sale in Sunrise, FL

Sunrise, FL
Broward County


Asking Price: Annual Revenue:
$689,000 $1,526,046

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurnat and Bar for Sale in Sunrise, FL Broker: Ken Eisenband

Quick Facts

Asking Price: $689,000
Annual Revenue: $1,526,046
Net Profit: Not Disclosed
Cash Flow: $170,801
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 23
BBN Listing #: 14938096
Broker Reference #: 8857

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Business Overview:

This Broward County Seafood Restaurant and Bar for Sale features a 4COP SFS Liquor License. The restaurant provides Six Figure earnings for absentee owner with over $1.5 MM in revenue in 2021. Gross sales and profits have been consistent since inception. In 2019 gross sales were $1,820,930 with a net to absentee owner of $281,245. In 2021, gross sales were $1,526,046 with a net of $170,315. 2022 sales and profits are expected to return to 2019 numbers as Covid concerns continue to decline. First Quarter sales in 2022 topped $400,000. In addition, an owner operator should be able to increase both sales and profits. This well-known Seafood restaurant in Sunrise, Florida has been a consistent performer since inception in 2014. Current owner has been in place since 2017. The Bar for Sale is part of a franchise group. You can choose to be part of the group or not. If you choose to stay part of group there will be a $10,000 fee and 4% royalty due. if you choose not to be part of group you will have to change the name. The Bar for Sale by We Sell Restaurants features a 4COP SFS liquor license. This means that you can offer Liquor, Beer, and Wine to your guests. The dining room features a large bar that can seat up to 17 guests. The nautical themed dining room has tables that surround the bar. The square footage under air is 2,760. The outdoor patio that seats up to 50 guests measures 650 square feet. The rent is $10,353 per month and includes all CAMS, Waste Removal, and taxes. The lease expires in December of 2023 and there are three five-year options attached. The rent increase throughout term of lease and options is 3% per year. The fully equipped restaurant and bar is open, operating, and profitable. The fully equipped commercial kitchen has it all. The exhaust hood is 24 feet long and the grease trap is inground. Under the hood sits a four-eye burner with oven, six-eye burner with oven, char-broiler, flat-top, four fryers, and salamander. The refrigeration is all commercial grade and there is a brand new 11 x 17 walk-in cooler/ freezer combo unit. There are two ice machines, one for cubes and one for crushed ice. There is an oyster display case and a fish display case. The POS system has seven terminals, and the bar is fully stocked with refrigeration equipment. The menu is extensive. There are seafood appetizers, chowders and bisques, salads, tacos, sandwiches, platters, and combos. Mahi-Mahi, Salmon, Snapper, Grouper, Shrimp, Calamari, Mussels, and Oysters are always available. All recipes and menu will transfer, and two weeks of training is included with the sale. This location is part of a franchise group. You can choose to stay a member of the franchise and pay royalties and be included on all menu and recipe changes. If you choose not to be part of franchise, you will be able to keep name and menu that is currently in place but will not be included in any franchise updates. You will be an independent operator.

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Property Features and Assets:

Kitchen four eye burner with oven 30 inch refrigerator six eye Burner and oven 24 Inch char broiler 48 Flat Top 72 refrigerated equipment stand 4 Fryer low boy freezer sandwich cooler prep tables stainless steel shelving salamander walk in cooler walk in freezer nautical wall art and ceiling hangings fish display case oyster display case low boy cooler 3 liquor display racks 2 glass chiller blender wine cooler 2 keg cooler tall wine cooler audio system spund system table and chairs assorted pots pans utensils

Market Competition and Expansion:

Florida population continues to explode. This restaurant is located in an area that has numerous residential communities and local businesses.

Reason for Selling:

Other

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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