Seller's Contact Information
- RE: An Iconic South Florida Restaurant For Sale
- Contact: Thomas Milana
Quick Facts
| Asking Price: | $399,000 | |
| Annual Revenue: | $1,608,963 | |
| Net Profit: | $106 | |
| Cash Flow: | $106,620 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 50,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1979 | |
| Employees: | 33 | |
| BBN Listing #: | 2709630 | |
| Broker Reference #: | 0101986003 |
Business Overview:
PRICE REDUCED Must sell! Price reduced over $200,000 Established for over 40-years this 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. 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 - at (561) 702-6867. 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 and 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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