HOLLYWOOD, Florida
| Asking Price |
$149,000 |
Year Established |
2019 |
|
| Annual Revenue |
$501,289 |
Reason for Selling |
New Career |
|
| Annual P/L |
$0 |
Attention |
Ken Eisenband |
|
| Annual Cash Flow |
$0 |
Listing Number |
1018161 |
|
| # of Employees |
7 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
An outstanding opportunity to acquire a turnkey restaurant for sale strategically located in one of Southwest Broward County's established and expanding suburban markets. From We Sell Restaurants, the restaurant combines a highly visible location on a major commercial corridor with a fully equipped kitchen, attractive occupancy cost, established infrastructure and significant flexibility for an operator looking to continue the current concept or introduce an approved new restaurant concept.
The restaurant for sale occupies approximately 1,765 square feet and currently accommodates 24 guests inside, with the ability to increase seating to better utilize the existing space. There is also room for approximately eight additional guests immediately outside the front entrance, creating an opportunity to expand the customer seating area and improve revenue potential without relocating or substantially increasing the footprint.
With approximately 1,765 square feet, 24 existing seats with room for expansion, additional outdoor seating potential, One of the property's most attractive features is its exceptionally reasonable monthly occupancy cost of approximately $8,753, including CAM charges. The current lease runs through December 31, 2028, providing an incoming owner with operating stability, while additional lease terms may be requested from the landlord. Traffic counts exceeding 50,000 vehicles per day, providing strong visibility and convenient access. The surrounding corridor contains an extensive concentration of residential communities, retail centers, restaurants, professional services and other businesses, creating both daytime and evening customer opportunities.
The kitchen is fully equipped for a wide range of concepts. The facility features a six-eye range with oven, char broiler, four commercial fryers, extensive commercial refrigeration and additional restaurant equipment. The restaurant also features a twelve-foot commercial exhaust hood and an inground grease trap, important infrastructure that can substantially reduce the cost and complexity of a future conversion.
The front of house is designed for efficient fast-casual restaurant operations and includes a two-screen digital menu board, Clover POS system and existing customer seating and service infrastructure. The layout provides an excellent opportunity for an operator to maximize dine-in, takeout, delivery and catering sales while maintaining a relatively compact and efficient footprint.
The current concept specializes in chicken, providing an established platform for an operator who wants to continue the existing business. At the same time, the physical plant provides flexibility for an approved replacement concept. The space could potentially accommodate a variety of restaurant formats, subject to landlord approval and existing lease restrictions. Burger, sushi and healthy-choice concepts are excluded because of existing tenant exclusivity provisions in the lease.
The location is particularly compelling. The immediate three-mile trade area contains approximately 130,000 residents and 49,000 households, with a median household income of approximately $78,000. The market is continuing to expand, with the three-mile population projected to increase approximately 7.2% to more than 139,000 residents by 2030, while households are projected to increase approximately 8.2%. This combination of population growth, household formation and established residential density provides a substantial customer base for a restaurant serving the surrounding community.
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Property Features and Assets:
Trash Receptacle<br>Two screen digital menu board<br>5 tables<br>24 chairs<br>2 high top tables<br>4 stools<br>ice machine<br>clover POS<br>six eye burner with stove<br>char broiler<br>4 fryers<br>three drawer warmer<br>two door sandwich cooler<br>two door low boy cooler<br>3 prep tables<br>conveyor taoster<br>breading station<br>two door stand up cooler<br>three door stand up cooler<br>single door stand up freezer<br>SS shelving<br>ladder<br>assorted pots pans utensils
Market Competition and Expansion:
Major commercial corridor + dense established residential market + differentiated hot-chicken concept + halal positioning + takeout/delivery + catering + family meals.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity