Iconic Seafood Restaurant for Sale-Broward County

Dania Beach, FL
Broward County


Asking Price: Annual Revenue:
$549,000 $1,381,847

Food & Beverage: Restaurants, Fast Food, Deli


Request More Information
Contact the Seller

RE: Iconic Seafood Restaurant for Sale-Broward County Broker: Ken Eisenband

Quick Facts

Asking Price: $549,000
Annual Revenue: $1,381,847
Net Profit: Not Disclosed
Cash Flow: $167,044
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1966
Employees: 13
BBN Listing #: 26288096
Broker Reference #: 8322

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

Seafood and Wing Restaurant for Sale in Broward County, Florida. Excellent visibility in a freestanding building with dedicated parking lot. Owner nets more than $233,000. SBA financing available.

This Broward County Seafood Restaurant for Sale is a true gem that will not last long. The restaurant was founded in 1966 and current ownership has been in place since 1996. The restaurant is an iconic location located in Southeast Broward County. Sales have steadily increased over the years and are consistently more than $1,500,000 annually. Even in Covid 19 affected 2020 sales were $1,381,847. For the first six months of 2021 sales have been more that $1,000,000. WOW! Seller’s discretionary earnings of $230,000 or more are typical for this iconic seafood and Wing destination. The restaurant will qualify for SBA financing.

The Restaurant for Sale offered by We Sell Restaurants is located on a busy corner on the most populated highway in Broward County. Visibility is excellent and the 1,439 square foot free-standing restaurant has a dedicated parking lot. 25 guests can dine inside with counter-top seating and another 25 can dine outside on picnic tables. The location of this restaurant for sale is truly what makes it such an amazing opportunity. The Seafood restaurant is a perfect stopping place on the way to or from the beach. The beach is less than one mile away. There are several apartment complexes less than half a mile away, more than 50 hotels within a three-mile radius, and the daytime population in the 3-mile radius is 137,688 and expands to 402,057 in a 5-mile radius. This is a recipe for success. The monthly rent for all of this is a very reasonable $5,325 including sales tax. This is a triple net lease, but the real estate tax is already included in the rent. Lease is negotiable with the landlord.

The build-out of this Restaurant for Sale is perfect for the concept. The concept is casual Seafood and Wings. Seafood can be ordered Raw, Steamed, Fried, or Grilled. Clams, Crab, Oysters, Conch, and Shrimp are offered. Fish choices are grouper and mahi-mahi. Burgers, NY Strip steak and Chicken are also available. Homemade Clam Chowder, New England or Manhattan is offered, and Key Lime Pie is for dessert. The restaurant has a 2COP license so beer and wine can be offered to your guests. The restaurant is 1,439 square feet. The kitchen area is open to the diners. The atmosphere is casual and fun. This is the perfect place on the way to or from the beach. The customer base is long-term and loyal. Tourists staying at the hotels/motels in the area are an excellent source of business. The menu and recipes will transfer, and the owner will give 14 days of training.

The exhaust hood is 14 feet long. Under the hood sits a char-broiler, four-eye burner, three fryers. There is a walk-in cooler, ice machine and other commercial refrigeration equipment. The restaurant does high volume, and the staff is dedicated and friendly.

The trademark and logo have been federally registered. The rights to trademark will not transfer. The buyer will have use of this trademark and its logo for this location but will need permission from seller to use in additional locations.

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 and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval. 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.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

24 Stools 10 Foot Hood 3 Standup Freezer Ice Cream Freezer 3 Fryers Two Door Low Boy Cooler Char Broiler 4 Eye Burner Equipment Stand 2 Bin Sink POS System Ice Well Table top steamer 3 Prep Table Bar Cooler Stand up Cooler Ice Machine Dish Machine ON LEASE Three compartment sink Assorted Pots Pans Utenstils Two door Stand up Fryer Walk in Cooler Freezer Chest Shelving Units 6 Picnic Tables

Market Competition and Expansion:

Iconic restaurant has 55 years of goodwill in same location. Great visibility and location. more than 50 hotels/motels in the area. Close to the beach.

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.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!