Cheesesteak Restaurant for Sale -- Six Figure Earnings in Broward County FL

This Cheesesteak Restaurant for sale  located in Margate, Florida with adjusted Net Income of $139,000!  That's six figure earnings for a well established location. 

Buy this fast casual  Cheesesteakrestaurant for sale in South Florida that has been in existence for 17 years.  The current owner has been in place for the last three years but due to other business opportunities, the restaurant is currently operating absentee.  With sales of more than $40,000 per month and the operation being run under absentee ownership this is an ideal opportunity for someone to come in, build sales, control costs, and score a home run. When adding back the managers $50,000 salary the adjusted net income of this cheesesteak restaurant for sale is $139,000 per year.

Seller will entertain owner financing for very well qualified candidates with 75% down.  Contact the restaurant brokers for more details.  This property has a beer and wine license (2COP).  The 2,200 square foot free-standing building housing this wings restaurant for sale leases for $4,000 per month. More than twenty parking spots are available for the 65 guests that can be seated inside this cheesesteak restaurant for sale.  The business is located on a very busy road with more than 50,000 vehicles driving by each day.

The fully equipped commercial kitchen comes with a very long hood that covers a flat top grill and two fryers with plenty of room to add much more equipment. The kitchen of this cheesesteak restaurant for sale also features a walk-in cooler, ice machine, two sandwich coolers, slicer, and much more. The restaurant has a POS system, security camera system, four large television, and counter space for dining.

The diverse menu consists of Philly Cheesesteaks with more than 10 varieties, chicken wings, with more than 15 different sauces, Burgers, Hot Dogs, Sandwiches and Hoagies, and Salads, Guests can quench their thirst with beer or wine, as this restaurant features a 2COP license. All recipes will transfer and the enthusiastic staff will remain to insure a smooth transition of ownership of this cheesesteak restaurant for sale. The absentee owner will spend time with the new owners for two weeks an sign a non-compete for three years and three miles.

If you wish to obtain additional information on this listing please contact your Certified Restaurant Broker, Ken Eisenband, at 561-350-3365.
 
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Listing

  • Listing#: 5399
  • Price: $199,000
  • Location: Margate
Lease Term: Expires March 31,2021 plus one three year option
Monthly Rent: $4,000
Indoor Seating: 65
Inside Sq. Ft: 2200
Hood System: Yes
Neighboring Businesses: Mix of local and national retail, restaurant, and service providers
Hours Open: Monday thru Saturday 11 am - 10 pm, Sunday 12 pm - 9 pm
# of Part-Time Employees: 6
# of Full-Time Employees: 3
Net Sales: $522,577
Owner Benefit: $139,332

Features

  • Broward County Restaurant for Sale is known for its Cheesesteaks
  • Restaurant sales have been growing each year since 2014
  • Absentee Owner is Selling due to Other Business Interests, Owner/Operator can make instant impact on Sales
  • Free Standing Building with Dedicated Parking Lot has Great Visibility
  • Currently Full Service with 2COP Beer and Wine License, Can easily convert to fast casual concept
  • Adjusted Net Income of $139,000 annually.
  • Restaurants for Sale

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