Seller's Contact Information
- RE: S. Florida Restaurant Deli, Bagels And More!
- Contact: Anthony Blair
Quick Facts
| Asking Price: | $1,495,000 | |
| Annual Revenue: | $1,956,402 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $540,306 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 200,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2006 | |
| Employees: | 20 | |
| BBN Listing #: | 616835435 | |
| Broker Reference #: | 4110-00314 |
Business Overview:
A New York style deli with a hometown feel is a local favorite in South Florida; serving and specializing in all-day breakfast and also serves lunch and dinner and offers catering services. The restaurant has a full-service deli, bagels, and bakery full of fresh items to enjoy and has received 'Best Of' awards in the community it has served for 16 years. It is known for serving a loyal customer base and offering a large menu with generous portions including overstuffed sandwiches, salads, wraps, burgers, and a dinner menu (including gluten-free and vegan menu choices). The large fully equipped kitchen supports the vast menu offerings. There is a large patio for outdoor dining (approx. 50 guests) as well as 3,500 square feet of restaurant space. Staff and management are in place for continued success; current owner (who works 40-45 hours/week) has been in the industry her whole life and is looking to retire. This is a perfect opportunity for an Owner-Operator or as a Family-Run business.
Financing Scenario
Acquisition: $1,495,000 | Working Capital, Closing Cost Estimate & SBA Guarantee Fee: $115,000 | Down Payment: $161,000 (10%) | Loan Amount:$1,399,000 | Term 120 months | Rate: WSJP 2.75%
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Property Features and Assets:
This high-volume establishment is located in a very popular shopping center with 20 retail, dining, and entertainment neighboring tenants. The average household income in the immediate area is $110,000, and the intersection sees 90,000 vehicles per day.
Reason for Selling:
Discuss with the seller.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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