MergerPlace

Profitable Upscale Brazilian Restaurant

Florida (Broward)


  • Asking Price: $149,000
  • Gross Income: $290,710
  • Cash Flow: $102,478
  • Real Estate: Not Disclosed
  • Inventory: $10,000
  • FF&E: $105,000
  • Listing ID: #199737
  • Established: 2016
  • Employees: 6 PT

Business Description

This Brazilian style steakhouse serves skewers of seasoned meat, which turn slowly over flames until they're seared, yet they remain juicy and tender. They serve a healthy salad bar, a wonderful assortment of rices & pastas, delicious desserts and have a well-stocked wine & beer bar. Established over a decade ago, this stylish eatery has daily live music and a strong customer following. The newly started catering service has taken sales through the roof. The restaurant sits 85 persons not including the bar and has a low lease of $3,700 per month which runs till 2021. The working owner benefit is over $102,000 for a ten-month period by doing lunch ONLY! Unlimited earning potential by doing targeted advertising, adding breakfast & dinner and increasing the catering business to the offices and schools nearby. The selling price includes $10,000 in inventory, $115,000 in restaurant equipment and over $40,000 in leasehold improvements. Should qualify for Visa. Perfect for a working owner! Owner will consider all reasonable offers!


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Florida
County: Broward

Company Information

Year Established: 2016
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 6 PT

Financial Information

Asking Price: $149,000
Gross Revenue: $290,710
Cash Flow: $102,478
FF&E: $105,000
Inventory: $10,000
Seller Financing Available: Yes

Property Information

Facilities:

Situated in a strip plaza on the Eastern part of South Florida.

Growth & expansion opportunities:

The restaurant has a great potential for growth by increasing not only the foot traffic but also the catering side of the business to the nearby offices and schools and institutions.

Competition:

No steakhouses nearby.

Reason for selling:

Moving back to home country for family reasons.

Support & Training:

Will train for 2 weeks @ no cost. The restaurant serves lunch with a delicious assortment of salads, rice, pastas, hummus and seared meats, gaucho barbecue and steaks. It has a well-stocked wine and beer bar. New owner's restaurant experience is preferred but not required.

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Business Listed By:

Anton Joro

Murphy Business Brokers