Amazing Restaurant in Northwest Broward County for Sale in Northwest Broward County

Price: $390,000

Location: Northwest Broward County

Industry: Restaurant and Food

Listing ID: 42734550

Listing Status: Under Contract

Description

Great New York style Diner! With over 30 years of continuous operation. Located in Northwest Broward County. A community fixture with great food and ambiance. Seats 105 guests. Plenty of free parking in front. Totally renovated in 2018. Sparkling clean and shiny, with great food and friendly but efficient service. Rated 4 to 5 stars in TripAdvisor, Google, and other web-based rating sites. Real comfort food in generous portions, great service, and a cozy atmosphere, keep people in line to be seated. Perfectly sized to be easily managed. After operating it for 20 years current Owner is ready to retire. Experienced staff average over 5 years in service. A truly one-of-a-kind family restaurant.

LISTING DETAILS

Down Payment: $300,000

Total Sales: $1,392,895

Cash Flow: $227,258

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $100,000

FFE Included: Yes

Inventory: $5,000

Inventory Included: Yes

Operation

Year Established: 1991

Year of last Acquisition: 2002

Days & Hours of Operation: 7 AM to 8 PM Monday to Sunday

Owner Hours Per Week: 40

Lender Pre-Qualified: No

Non-Owner Payroll: N/A

Employees: 22

Managers: 1

Location

Real Estate: N/A

Real Estate Included: No

Monthly Rent: $7,215

Type of Location: Strip Mall

Franchise: No

Summary

Reason For Sale:

Retirement

Training & Support:

Seller provides training for 2 weeks at no cost.

Financing/Terms:

$90,000 is financed for 36 months at 6%.

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING OWNER
There is no associated broker for this Listing.