Beachfront Mediterranean Restaurant

Price: $250,000

Location: Eastern Broward County

Industry: Restaurant and Food

Listing ID: 42734600

Listing Status: New

Description

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!

LISTING DETAILS

Down Payment: $230,000

Total Sales: $380,000

Cash Flow: $110,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

Accounts Receivable Included: No

FFE: $100,000

FFE Included: Yes

Inventory: $2,000

Inventory Included: Yes

Operation

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

Employees: 7

Absentee Owner: No

Lease Option: Two 3 year options

Location

Real Estate: N/A

Real Estate Included: No

Monthly Rent: $5,500

Type of Location: Strip Center

Square Footage: 800

Franchise: No

Relocatable: No

Summary

Reason For Sale:

Relocation; Focus on other business interests

Training & Support:

Seller provides training for 2 weeks at no cost.

Financing/Terms:

$20,000 is financed for 12 months at 5%.

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING OWNER