Seafood Restaurant with $1.8 M in sales

Pembroke Pines, FL
Broward County

Asking Price: Annual Revenue:
$150,000 $3,123,880

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Seafood Restaurant with $1.8 M in sales Broker: Ken Eisenband

Quick Facts

Asking Price: $150,000
Annual Revenue: $3,123,880
Net Profit: Not Disclosed
Cash Flow: $762,565
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 19
BBN Listing #: 53678096
Broker Reference #: 8272

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Business Overview:

Seafood and Crab Restaurant for Sale in Broward County, Florida. Annual Sales of more than $1,800,000 nets $220,000 to owner. This restaurant for sale is in Pembroke Pines, Florida. Pembroke Pines is the 2nd largest city in Broward County. 147,003 residents live in a three-mile radius of the restaurant with an average household income of $80,000. The restaurant is in a busy shopping center that is home to franchised and independent restaurants, retail shops and service providers. The corner that this center sits on is a hub of activity for the area. More than 75,000 vehicles pass by daily. The restaurant occupies 1,650 square feet of space and seats 48 guests in the nicely decorated dining room. The current lease expires in June of 2023 and there is a five-year option attached. The monthly rent is a very reasonable $8,174 per month including all CAMS and taxes. In 2019 the sales for this Crab Restaurant for Sale were $3,132,047 with a net to owner of $760,565. In the pandemic year of 2020 the net sales were $1,989,742, returning $194,850 to the owner/operators. In 2021, Sales were in excess of $2,000,000 and the owner netted $220,000. This Restaurant for Sale 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. A one time fee of $15,000 will be due to continue the agreement. The restaurant 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:

8 tables 48 chairs 2 televisions neon sign utility cart 2 high chairs low boy cooler 2 fryers 2 six eye burners with stove single door sandwich cooler salamander walk in cooler two door sandwich cooler two door stand up cooler prep table with two shelves two eye burner ice machine assorted pots pans, smallwaress, utensils

Market Competition and Expansion:

Located in densely populated Pembroke Pines with 400,000 residents in a five mile radius. New homes are sprouting up and people are moving to area and state due to low taxes and states favorable attitude toward small business.

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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