Location: Eastern Broward County
Industry: Restaurant and Food
Listing ID: 42734600
Listing Status: Under Contract
Beautiful beachfront Mediterranean restaurant located directly across from Ft. Lauderdale beach. Open for breakfast, lunch and dinner offering a varied menu including multiple vegan dishes. It is partnered with several delivery apps and also has a beer & wine license. It also operates as a ghost kitchen for several businesses.
It seats 20 people inside plus another 18 on the outside patio. It is a true turnkey operation.
High traffic area with gorgeous views of the beach and ocean. Has been a restaurant at this location for 12 years. Current owner is semi-absentee, but he remodeled the restaurant and modified the menu in 2021. Full time hands-on owner should be able to drive revenue and reduce expenses.
Complete kitchen with grill, fryer, hood and grease trap. Menu includes eggs, pancakes, wings, calamari, burgers, sandwiches, falafel, salmon, shish kebabs, smoothies, beer, wine and specialty cocktails in addition to a variety of other items. You can keep or change the concept. This is a rare opportunity that won't last!
Down Payment: $189,000
Total Sales: $380,000
Cash Flow: $110,000
Accounts Receivable: N/A
Accounts Receivable Included: No
FFE Included: Yes
Inventory Included: Yes
Year Established: 2010
Year of last Acquisition: 2021
Days & Hours of Operation: Sun-Thur 9:00-8:00; Fri-Sat 9:00-9:00
Owner Hours Per Week: 20
Lender Pre-Qualified: No
Non-Owner Payroll: N/A
Absentee Owner: No
Lease Option: Two 3 year options
Real Estate: N/A
Real Estate Included: No
Monthly Rent: $5,500
Type of Location: Strip Center
Square Footage: 800
Reason For Sale: Relocation; Focus on other business interests
Relocation; Focus on other business interests
Training & Support: Seller provides training for 2 weeks at no cost.
Seller provides training for 2 weeks at no cost.
Financing/Terms: $20,000 is financed for 12 months at 5%.
$20,000 is financed for 12 months at 5%.