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Crab Restaurant for Sale in Wellington – Owner/Operator Nets $188,000

Seafood and Crab Restaurant for Sale in Palm Beach County, Florida. Annual Sales had been more than $1,000,000 with $188,000 net to owner/operator pre Covid 19.
 

In 2019 the Restaurant for Sale achieved gross sales of $1,143,994 with a seller’s discretionary earnings of $188,908. Sales will be proved through the POS system. SBA financing will be available for a portion of the purchase. In 2020 the restaurant was affected by the pandemic and achieved $660,234 in gross sales. 2021 has seen an uptick in volume and should be back to pre-covid numbers shortly.
 
This Restaurant for Sale offered by We Sell Restaurants is in a busy shopping center that is home to restaurants, retail shops and service providers. The shopping center is close to Wellington Greens Shopping Mall. This shopping mall draws customers from a 50-mile radius on a year-round basis. The five-mile radius population is 180,281 with an average household income of $100,000. Traffic counts past the entrance of the shopping center are 46.703 vehicles per day. The restaurant occupies 2,250 square feet and seats 87 guests. The restaurant has a fully equipped commercial kitchen that features a 25-foot exhaust hood. All of the equipment is in excellent condition and the refrigeration is commercial grade. The restaurant does not utilize an outside patio that could accommodate additional patrons. The current lease expires on July 31, 2028 and there is a five year option attached. The monthly rent is a reasonable $10,100 including CAM and taxes.

Wellington is known for its equestrian community and hosting equestrian events, notably show jumping, hunting, dressage and polo. Wellington is host to the Winter Equestrian Festival, the largest and longest running horse show in the world from January to April.  It holds more than forty weeks of equestrian competitions per year. Each year Wellington hosts several high-goal polo tournaments. These activities bring in thousands of tourists per year.
The restaurant had its beginnings with a licensing agreement. Other locations are present in California, Florida, and South Caroline. A new owner will have no royalties due to the licensing company. The Restaurant for Sale is open seven days per week, only for dinner. Add lunch for additional sales and profits. The restaurant has a 2COP beer and wine license. The menu has a Cajun flair. The menu consists of all types of shellfish – crawfish, crabs, clams, mussels, oysters, and lobster. Shrimp, catfish, and other items are also available to guests. The menu and recipes will transfer with sale and the seller will provide two weeks of training at no cost.
 
This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios. The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise. The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.    
 

This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval. The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios. The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise. The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.

Please click on the tab below to easily acknowledge confidentiality on this Restaurant for Sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Ken Eisenband at (561) 350-3365

This is an exclusive listing of We Sell Restaurants who is the rightful owner of all intellectual property associated with this website. This may not be duplicated without the express permission of We Sell Restaurants. We Sell Restaurants is a federally registered trademark.

Listing

  • Listing#: 8273
  • Price: $199999
  • Location: Wellington

Lease Term: Expires July 31, 2028

Monthly Rent: $10100,

Indoor Seating: 88

Inside Sq. Ft: 2250,

Hood System: Yes

Neighboring Businesses: Located in a plaza with other restaurants, nationwide gym, and service providers

Hours Open: Monday-Friday 3pm-10pm Saturday-Sunday 12pm-10pm

# of Part-Time Employees: 2

# of Full-Time Employees: 6

Net Sales: $1143994.00

Owner Benefit: $188908

Features

  • Seafood and Crab Restaurant for Sale in Wellington, Florida
  • More than $1,000,000 in revenue returns &188,000 to owner/ operator
  • Some Financing is available to qualified candidates
  • The five mile radius population is more than 180,000 with an average household income iof $100,000.
  • Exhuast hood measures 25 feet
  • Fully equipped commercial kitchen is prepared to handle high volume
  • Menu and Recipes will Transfer and the Seller will train for two weeks at no cost
  • Restaurant for Sale
Crab Restaurant for Sale in Wellington – Owner/Operator Nets $188,000

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