An Iconic South Florida Restaurant for Sale

Not Disclosed, FL
Broward County


Asking Price: Annual Revenue:
$599,000 $1,600,109

Food & Beverage: Restaurants, Fast Food, Deli


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RE: An Iconic South Florida Restaurant for Sale Broker: Thomas Milana
Owner Financing is Available!
Loan/Seller- Amount: $99,000 Months:60 Rate:8.00% Monthly Payment:$2,007.36

Quick Facts

Asking Price: $599,000
Annual Revenue: $1,600,109
Net Profit: Not Disclosed
Cash Flow: $206,644
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1979
Employees: 33
BBN Listing #: 2709630
Broker Reference #: 0101986003

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Business Overview:

Established for over 40-years this iconic family restaurant serves up some of the most authentic Mexican cuisine catering to the local “Gringo” taste. The operation is fully equipped and staffed from the front to the back of the house. The well-traveled location puts this business front and center allowing Florida locals, professionals, and tourists alike all easy access. The restaurant seats 265 plus full bar (4COP-SFS liquor license) and outdoor seating area. There are tremendous growth opportunities happening in Fort Lauderdale and this opportunity is poised to take advantage of such. This operation should also qualify for an L1 or E2 Visa. All prospects should have industry experience. Some seller financing may be available to qualified buyers. This Florida based company for sale is offered by Transworld Business Advisors, the number one business brokerage in the world. With local presence AND global marketing reach, Transworld Business Advisors provides main-street and lower middle market business owners and buyers with transaction expertise. Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! Get added to our buyer list today to receive notifications as businesses with your criteria hit the market! For more information on this business for sale contact listing agent Thomas Milana. Please refer to listing #0101986003.

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Property Features and Assets:

Lease/Month: $25,390.59; Square Footage: 5,751; Building Type: strip plaza; Terms & Options: To Be Determined; Expiration Date: 6/15/2027.

Market Competition and Expansion:

Non Compete : Miles: 25 Years: 3

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:

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