Iconic Absentee Owned Sandwich Shop
Not Disclosed, FL Broward County
Seller's Contact Information
- RE: Iconic Absentee Owned Sandwich Shop
- Contact: Randy Bring
- License #: SL687673
Quick Facts
| Asking Price: | $549,000 | |
| Annual Revenue: | $835,135 | |
| Net Profit: | $173,940 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $50,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2000 | |
| Employees: | 11 | |
| BBN Listing #: | 1859630 | |
| Broker Reference #: | 0101711088 |
Business Overview:
This iconic SE Florida restaurant represents a rare blue-chip absentee-owned investment opportunity. Owner’s involvement is just a few hours a week as company’s successful operating system virtually automates all general day to day operations. Owner can be local or anywhere outside of Florida as no daily contact with the business is required and remote log in POS system and cameras allow monitoring of all activities. Concept is fast casual with 65 seat dining room. Current delivery is 42% of revenues. Steady, year over year growth, 2020 on pace for a RECORD year as this restaurant has ramped up both take-out and delivery of their famous menu. Net of $173,940 is EBITDA, not 'adjusted SDE' and reflects trailing 12 months. Long-term staff runs the show in front and back of the house. Below market lease with renewal option available. Many ways to grow by expanding the menu, open for breakfast/late night and, of course, new owner could work in the restaurant if desired. Clean financials. E2 Visa ready. All Buyer prospects must provide proof funds prior to disclosure of listing details. Please refer to listing #0101-711088 & ask for Randy Bring when inquiring.
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Property Features and Assets:
2,100 square feet freestanding building @ $4,371/month.
Market Competition and Expansion:
Unknown/Unlimited.
Reason for Selling:
Retirement & Relocation.
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
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