Broward County Restaurant for Sale Returns $123,000 for Absentee Owner

Broward County restaurant for sale is great opportunity for investor or operator. Very profitable, management in place! A full-time operator can only add even more dollars to the bottom line!

Buy this fast-casual restaurant for sale offered by the restaurant brokers in South Florida that has been in existence for 18 years.  The current owner has been in place for just a short time, and the restaurant for sale is currently operating absentee. The owner purchased the business for a family member who had to relocate after three months of ownership. With sales of more than $50,000 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. The annualized gross sales of this cheesesteak restaurant is $636,703 and the absentee owner's benefit is $123,000. This calculation does not include adding back a manager salary.

This restaurant for sale is housed in a 2,200 square foot free-standing building that leases for $4,000 per month. More than twenty parking spots are available for the 65 guests that can be seated inside this business that serves the best cheesesteak and wings in the south!  The restaurant for sale is located on a very busy road with more than 50,000 vehicles driving by each day. This property has a beer and wine license (2COP).  

The fully equipped commercial kitchen in this restaurant for sale 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 also features a walk-in cooler, ice machine, two sandwich coolers, slicer, and much more. The business has a POS system, security camera system, four large televisions, 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 for sale features a 2COP license. All recipes will transfer, and the enthusiastic staff will remain to insure a smooth transition of ownership of this great opportunity.  The absentee owner will spend time with the new owners for two weeks and 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#: 5991
  • Price: $312,500
  • 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: 4
# of Full-Time Employees: 3
Net Sales: $636,703
Owner Benefit: $123,440

Features

  • Adjusted net income in excess of $600,000 annually!
  • ABSENTEE OWNER NETS IN EXCESS OF $123,000
  • Restaurant sales have been growing each year since 2014
  • Owner/Operator can make instant impact on sales
  • Free standing building with dedicated parking lot has great visibility
  • 2COP Beer and Wine License
  • Restaurant for Sale

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