Florida Restaurant with $2.2 M in Sales

Not Disclosed, FL
Broward County


Asking Price: Annual Revenue:
$1,200,000 $2,217,466

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Florida Restaurant with $2.2 M in Sales Broker: Ken Eisenband

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $2,217,466
Net Profit: Not Disclosed
Cash Flow: $333,453
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1998
Employees: 26
BBN Listing #: 63928096
Broker Reference #: 8528

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Business Overview:

An Amazing Opportunity To Own This Highly Profitable Restaurant for Sale in Broward County, Florida! Very well known, with years of Goodwill built in. This Continental Restaurant For Sale returns mid six figure income to the owner and it's sales for 2021 were $2,217,466! The net to the owner was $333,425. 2019 saw gross sales of $2,477,712 with a owners benefit of $378,418. This restaurant has returned to pre-pandemic numbers and continues to grow. The restaurant for sale is centrally located with easy access from the North, South, East, and West. This makes the restaurant an ideal place for friends from all over Palm Beach and Broward Counties to meet. The restaurant draws customers from up to thirty miles or more away, but the five -mile radius population is 337,148 residents with a average household income of $80,808. The restaurant occupies 4,000 square feet of outparcel space in a popular shopping center. The current lease expires on August 31, 2024 and there is a five-year option attached. The very reasonable monthly rent is $10,503 including all CAMS and Taxes. This highly rated Continental Restaurant for Sale by We Sell Restaurants is an institution in Broward County. In continuous operation for more than 20 years under the same ownership this restaurant has a loyal customer base. The owner manages administrative functions and there is a chef and general manager on staff. Set up to seat 162 guests in the main dining room, comfortable bar, two private rooms, and outdoor patio. Both private rooms have televisions that can utilized for business meetings. The private rooms can hold up to twenty-four people for meeting, events, and parties. The atmosphere is elegant and comfortable. The restaurant has a 4COP SFS license. This means you can serve your guests liquor, beer, and wine. The restaurant features a fully equipped commercial kitchen with a 12-foot exhaust hood and the grease trap is inground. Under the hood sits a ten-eye burner with two ovens, char-broiler, fryer, and a double stacked convection oven. There is a walk-in cooler, ice machine, and other commercial grade refrigeration. The restaurant has separate lunch, dinner, and brunch menus. The dinner menu features small plates, steaks, chops, seafood and much more. The lunch menu has entrée items, but also includes salads, burgers, and sandwiches. The brunch menu features eggs benedicts, omelets, assortment of French Toasts, and many more favorites to choose from. With as little as 25% down you can own and operate this Continental Restaurant for Sale. We Sell Restaurants has lender resources that can get you qualified for SBA lending in no time! Opportunities like this do not come along very often so you need to move quickly as this great Continental Restaurant for Sale will not last long!

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Property Features and Assets:

KITCHEN ice cream maker slicer 3 prep tables two door stand up cooler mixer SS shelving three compartment sink double stacked convection oven char broiler ten eye burner with two ovens fryer three door sandwich cooler two door sandwich cooler four hotel pan electric steam table single door sandwich cooler table top oven walk in cooler ice machine three door stand up freezer BAR 14 bar stools keg box three taps three glass door low boy cooler speed well two glass door cooler wine cooler FOH 56 chair 18 tables POS system 2 small coolers 3 tray jacks low boy cooler table top steamer wine display case 4 stools no back bench seating FLAGLER ROOM 7 tables 26 chairs television OUTDOOR PATIO 5 tables 20 chairs 5 umbrellas FLORIDA ROOM 21 chairs 2 long tables 3 tables television

Market Competition and Expansion:

The restaurant has a few competitors in a ten mile radius. More than 20 years of service, easy to reach from the north, south, east, and west makes this an excellent meeting point for friends and family within the tri-county area.

Reason for Selling:

Retirement

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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