Crab Restaurant for Sale in Wellington

Wellington, FL
Palm Beach County

Asking Price: Annual Revenue:
$199,999 $1,143,994

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Crab Restaurant for Sale in Wellington Broker: Ken Eisenband

Quick Facts

Asking Price: $199,999
Annual Revenue: $1,143,994
Net Profit: Not Disclosed
Cash Flow: $188,908
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: 9
BBN Listing #: 20198096
Broker Reference #: 8273

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Business Overview:

Seafood and Crab Restaurant for Sale in Palm Beach County, Florida. Annual Sales had been more than $1,000,000 with $188,000 net to owner/operator pre Covid 19.

In 2019 the Restaurant for Sale achieved gross sales of $1,143,994 with a seller’s discretionary earnings of $188,908. Sales will be proved through the POS system. SBA financing will be available for a portion of the purchase. In 2020 the restaurant was affected by the pandemic and achieved $660,234 in gross sales. 2021 has seen an uptick in volume and should be back to pre-covid numbers shortly.

This Restaurant for Sale offered by We Sell Restaurants is in a busy shopping center that is home to restaurants, retail shops and service providers. The shopping center is close to Wellington Greens Shopping Mall. This shopping mall draws customers from a 50-mile radius on a year-round basis. The five-mile radius population is 180,281 with an average household income of $100,000. Traffic counts past the entrance of the shopping center are 46.703 vehicles per day. The restaurant occupies 2,250 square feet and seats 87 guests. The restaurant has a fully equipped commercial kitchen that features a 25-foot exhaust hood. All of the equipment is in excellent condition and the refrigeration is commercial grade. The restaurant does not utilize an outside patio that could accommodate additional patrons. The current lease expires on July 31, 2028 and there is a five year option attached. The monthly rent is a reasonable $10,100 including CAM and taxes.

Wellington is known for its equestrian community and hosting equestrian events, notably show jumping, hunting, dressage and polo. Wellington is host to the Winter Equestrian Festival, the largest and longest running horse show in the world from January to April. It holds more than forty weeks of equestrian competitions per year. Each year Wellington hosts several high-goal polo tournaments. These activities bring in thousands of tourists per year.

The restaurant had its beginnings with a licensing agreement. Other locations are present in California, Florida, and South Caroline. A new owner will have no royalties due to the licensing company. The Restaurant for Sale is open seven days per week, only for dinner. Add lunch for additional sales and profits. The restaurant has a 2COP beer and wine license. The menu has a Cajun flair. The menu consists of all types of shellfish – crawfish, crabs, clams, mussels, oysters, and lobster. Shrimp, catfish, and other items are also available to guests. The menu and recipes will transfer with sale and the seller will provide two weeks of training at no cost.

This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios. The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise. The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.

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Property Features and Assets:

73 Chairs 20 Tables Booth Seating 4 TV POS Clover 2 Door Beverage Cooler 2 Door Cooler Rice Cooker SS Shelving 3 Compartment Sink 2 Compartment Sink Walkin Cooler and Freezer Ice Machine 2 Door Low Boy Cooler 3 Fryer 4 Eye Burner with Convection oven 3 Sandwich cooler with low boy refridgeration 6 eye burner with convection oven salamander 2 eye candy burner 8 eye burner 4 prep table 2 door low boy cooler 2 toasters for warming Assorted pots pans and utentils

Market Competition and Expansion:

High volume crab restaurant located near regional shopping mall. The area is know as the winter horse center of the world and attracts affluent clientele.

Reason for Selling:

New Career

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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