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Iconic Seafood Restaurant for Sale in Broward County - Nets $230,000

Seafood and Wing Restaurant for Sale in Broward County, Florida. Excellent visibility in a freestanding building with dedicated parking lot. Owner nets more than $233,000. SBA financing available.
 
This Broward County Seafood Restaurant for Sale is a true gem that will not last long. The restaurant was founded in 1966 and current ownership has been in place since 1996. The restaurant is an iconic location located in Southeast Broward County. Sales have steadily increased over the years and are consistently more than $1,500,000 annually. Even in Covid 19 affected 2020 sales were $1,381,847. For the first six months of 2021 sales have been more that $1,000,000. WOW! Seller’s discretionary earnings of $230,000 or more are typical for this iconic seafood and Wing destination. The restaurant will qualify for SBA financing.  
 
The Restaurant for Sale offered by We Sell Restaurants is located on a busy corner on the most populated highway in Broward County. Visibility is excellent and the 1,439 square foot free-standing restaurant has a dedicated parking lot. 25 guests can dine inside with counter-top seating and another 25 can dine outside on picnic tables. The location of this restaurant for sale is truly what makes it such an amazing opportunity.  The Seafood restaurant is a perfect stopping place on the way to or from the beach. The beach is less than one mile away. There are several apartment complexes less than half a mile away, more than 50 hotels within a three-mile radius, and the daytime population in the 3-mile radius is 137,688 and expands to 402,057 in a 5-mile radius. This is a recipe for success. The monthly rent for all of this is a very reasonable $5,325 including sales tax. This is a triple net lease, but the real estate tax is already included in the rent. Lease is negotiable with the landlord.
 
The build-out of this Restaurant for Sale is perfect for the concept. The concept is casual Seafood and Wings. Seafood can be ordered Raw, Steamed, Fried, or Grilled. Clams, Crab, Oysters, Conch, and Shrimp are offered. Fish choices are grouper and mahi-mahi. Burgers, NY Strip steak and Chicken are also available. Homemade Clam Chowder, New England or Manhattan is offered, and Key Lime Pie is for dessert. The restaurant has a 2COP license so beer and wine can be offered to your guests. The restaurant is 1,439 square feet. The kitchen area is open to the diners. The atmosphere is casual and fun. This is the perfect place on the way to or from the beach. The customer base is long-term and loyal. Tourists staying at the hotels/motels in the area are an excellent source of business. The menu and recipes will transfer, and the owner will give 14 days of training.
 
The exhaust hood is 14 feet long. Under the hood sits a char-broiler, four-eye burner, three fryers. There is a walk-in cooler, ice machine and other commercial refrigeration equipment. The restaurant does high volume, and the staff is dedicated and friendly.
 
The trademark and logo have been federally registered. The rights to trademark will not transfer. The buyer will have use of this trademark and its logo for this location but will need permission from seller to use in additional locations.
 
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.
 
 

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#: 8322
  • Price: $549000
  • Location: Dania Beach

Lease Term: Negotiable

Monthly Rent: $5375,

Indoor Seating: 25

Inside Sq. Ft: 1439,

Hood System: Yes

Neighboring Businesses: Free Standing Restaurant on a busy street with restaurants, service providers, shops and schools.

Hours Open: Sunday-Thursday 11am-10pm Friday 11am-11pm

# of Part-Time Employees: 3

# of Full-Time Employees: 10

Net Sales: $1381847.00

Owner Benefit: $167044

Features

  • Iconic Seafood Restaurant in Southeast Broward County
  • Fifty-five years of goodwill built in
  • Absentee owner nets more than $230,000 annually - Owner handles administrative duties
  • Indoor seating of 25 and outdoor seating of 25 on picnic tables is very popular
  • Fully equipped kitchen with 14 foot hood, walk-in cooler, char-broiler, four-eye burner, three fryers, and much more
  • Menu and Recipes will Transfer and the Seller will train for two weeks at no cost
  • Seller will negotiate new lease - rent will be $5,325 per month including sale tax
  • Restaurant for Sale
Iconic Seafood Restaurant for Sale in Broward County - Nets $230,000

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