Diner for Sale in Davie, Florida has gross sales in excess of $1,000,000 and returns more than $190,000 to owner. Seller will finance up to 35% of purchase price. Sales are returning to pre-covid numbers and will approach $1,000,000 in 2021. The seller is highly motivated and will offer seller financing of up to 35% of the selling price to qualified candidates.
This Broward County Breakfast and Lunch
Diner for Sale has been in business for more than 20 years. The current owner has been in place since 2002. He only works 8 hours per week in the restaurant. The gross sales in 2019 were $1,182,410 with Seller’s Discretionary Earnings of $191,424. The customer base is loyal but can be greatly expanded as current owner does no advertising, has no website, and has no social media presence. Adding a website, online ordering, and having a social media presence can increase gross sales and profits by a significant amount. The restaurant has bounced back from Covid 19 shutdown nicely. The gross sales for 2021 will approach $1,000,000. The menu prices have not been increased in quite awhile and the affluent community can handle a price increase.
The Diner for Sale is located just off I-75 and close to office parks, hospital, and affluent communities. The immediate trade area has more than 25,000 white collar workers. The three-mile radius population 54,460 and the five mile is 205,197. They all pass by on the way to I-75 with a daily traffic count more than 71,000 vehicles. The average annual household income is more than $140,00. The Diner occupies 3,600 square feet and seats 120 guests. The monthly rent is $15,500 including all CAMS and taxes. The restaurant is located in a very affluent area and can withstand a price increase to current prices The lease expires in 2029 and there is a five-year option attached.
We Sell Restaurants can answer all your questions on the lease!
The owner of this diner for sale handles administrative functions and spends about eight hours per week at the location. The staff is well trained and can handle the operation without ownership supervision. 80% of the staff have been working at this location for more than 15 years. The owner will offer two weeks of training. The menu and recipes will remain.
The diner for sale has a fully equipped commercial kitchen featuring two exhaust hoods. The main hood is 20 feet long. The grease trap is in ground. The kitchen equipment is well maintained and consists of 2 flat top grills, 2 fryers, 3 six eye burners, double stacked convection oven, walk-in cooler, walk-in freezer, 30-quart Hobart dough mixer, and so much more. The FOH seats 120 guests in a combination of booths and chairs. The seating is comfortable, and the atmosphere is friendly.
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 Diner 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
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