MergerPlace

Middle Eastern Style Kosher Restaurant

Florida


  • Asking Price: $650,000
  • Gross Income: $922,000
  • Cash Flow: $343,540
  • Real Estate: Not Disclosed
  • Inventory: $7,000
  • FF&E: $100,000
  • Listing ID: #219357
  • Established: 1988
  • Employees: 3 FT / 2 PT

Business Description

This is a famous Miami landmark Kosher restaurant in the heart of the most prevalent Jewish areas of Miami. After a long time serving the Southeast Florida Jewish community the owner family is finally ready to retire. They are well known for their great Middle Eastern Style Kosher food in a fine dinning atmosphere. This is one of the only places which is open during the Jewish holiday of Pesach when most Kosher restaurants close not only serving in their restaurant but catering full Pesach Seders to the many tourists which flock to South Florida during that holiday and have nowhere to eat or no way to prepare this intricate meal. All year catering is also one of their strong suits, no event being too large or small. During the Jewish holiday of Sukkot they are also open with a Sukkah on their property thus allowing the observant Jewish community (which must eat in a Sukkah) to eat out. By the way, their food is DELICIOUS!


Business Details

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

Company Information

Year Established: 1988
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 3 FT / 2 PT

Financial Information

Asking Price: $650,000
Gross Revenue: $922,000
Cash Flow: $343,540
FF&E: $100,000
Inventory: $7,000
Seller Financing Available: No

Property Information

Facilities:

The restaurant is located in a strip center with plenty of free parking. Full kitchen and bar. Very spacious eating area with booth seating and open table seating.

Growth & expansion opportunities:

The potential for growth is unlimited. A new owner with youth and energy can build on an extremely solid base and take this restaurant to the moon.

Competition:

In the past few years South Florida has seen an abundance of Kosher restaurants open. The Jewish community in the region has been growing by leaps and bounds, and there has always been room for more such restaurants to serve the needs of the community. In the mean time the old established Kosher restaurants have held their own which is a mark of their resilience and lasting power. This happens to be one of those old established restaurant that ran properly should keep on ticking and ticking and ticking.

Reason for selling:

Retirement

Support & Training:

Will train for 4 weeks @ no cost This is a full service restaurant from soup to nuts. Also includes a full liquor license. Buyer will require restaurant experience with cooking experience a big plus.

Contact Business Seller

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Business Listed By:

Jose Yankelevvitch

Murphy Business Brokers