MergerPlace

Profitable Fast Food Restaurant

Florida (Broward)


  • Asking Price: $155,000
  • Gross Income: $550,497
  • Cash Flow: $136,727
  • Real Estate: Not Disclosed
  • Inventory: $2,000
  • FF&E: $38,000
  • Listing ID: #204150
  • Established: 2003
  • Employees: 3 FT / 2 PT

Business Description

This is an amazing restaurant on Broward beach. The location is so amazing that the foot traffic never stops. Strong legacy of service and deliciousness. American and Mediterranean fare being served during all hours of the day. Owner is tired and wants to take a break. Clean and consistent books and records. Beautiful location steps from the ocean. This is a happening place where everybody congregates day and night, summer and winter. This eatery will attract the typical or casual diner, the wondering tourist or the late crowd leaving the bars nearby. Highly confidential due to its great popularity. This is a rare opportunity as locations like this don't come along often. Seller is not selling the business name, the phone number or the menu. Just the business assets and the lease on the location, which is turn key and very hard to find on the beach. The buyer can convert the restaurant to any desired theme. May qualify for VISA!


Business Details

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

Company Information

Year Established: 2003
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT / 2 PT

Financial Information

Asking Price: $155,000
Gross Revenue: $550,497
Cash Flow: $136,727
FF&E: $38,000
Inventory: $2,000
Seller Financing Available: Yes

Property Information

Facilities:

1000 sq ft newly remodeled fast food restaurant on the beach. Doors stay always open as the crowd goes in and out all the time. Located in a strip center, with new furniture, fixtures and equipment - this restaurant serves delicious fast food and it's very hard to come by at such a superb location. The seller is removing the sign and proprietary mementos. The buyer can keep the same type of food or convert to any desired theme.

Growth & expansion opportunities:

Extending the hours for the late bar crowd and the introduction of online marketing should increase the revenue by leaps and bounds. Also, participating into the chamber of commerce promotions as well as beach festivals should be a growth vehicle for this already established business.

Competition:

There are other restaurants nearby as this is a desirable area for both locals and tourists. But you will be hard-pressed to find this type of food and such quality anywhere on the beach, especially at these prices. Above all location is key as you have beach foot traffic here at any time of day or night.

Reason for selling:

Retirement.

Support & Training:

Will train for 3 weeks @ no cost Burgers, fries, Mediterranean fare and healthy salads - these are just some of the delicious items that this restaurant serves. Beer, wine, soda and water is also served. No special skills required, but some restaurant or short-order cook experience may come handy. This place of business is being sold as a turn-key operation and the current menu will be removed in order to let the new owner start fresh.

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Business Listed By:

Anton Joro

Murphy Business Brokers