MergerPlace

Landmark Breakfast/Lunch/Dinner

Florida (Palm Beach)


  • Asking Price: $699,000
  • Gross Income: $2,011,181
  • Cash Flow: $389,647
  • Real Estate: $674,000
  • Inventory: $3,000
  • FF&E: $25,000
  • Listing ID: #214967
  • Established: 1999
  • Employees: 10 FT/ 30 PT

Business Description

Reason For Sale: Focusing on expanding franchise brand- Landmark Breakfast/Lunch/Dinner in S. Palm Beach County. Established for over 20 years. Sales of $2 million + with an owner benefit of $400k. Perfect books & records. Bank Qualified with 20% down. Visa qualified (Tax Returns on file & W-2 employees). Large kitchen & dining area which seats 200. Free Standing Building (3,000 sq ft) located in a destination outside mall with many National anchors. Lease extends to 2029. Experienced kitchen staff in place. Owner benefit is a working owner replacing the manager. Purchaser will have the competitive advantage of the Corporate food buying group that will provide group food purchasing for 15+ restaurants in Florida for $500/month.


Business Details

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

Company Information

Year Established: 1999
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 10 FT/ 30 PT

Financial Information

Asking Price: $699,000
Gross Revenue: $2,011,181
Cash Flow: $389,647
FF&E: $25,000
Inventory: $3,000
Real Estate: $674,000
Seller Financing Available: No

Property Information

Facilities:

The Seller owns the building but has a land lease. Building valued at $674k. Lease extends to 2029. 3000 sq ft location.

Reason for selling:

Focusing on expanding franchise brand.

Support & Training:

Will train for 4 weeks @ no cost.

Contact Business Seller

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Business Listed By:

Russell Cohen

Murphy Business Brokers