Diner for Sale in Cooper City, Florida has gross sales in excess of $1,300,000 and returns more than $220,000 to owner.
This Broward County Full-Service
Diner for Sale has been in business for more than 10 years. The current owner has been in place since inception. The gross sales in 2019 were $1,342,308 with Seller’s Discretionary Earnings of $222,871. Seller has kept excellent books and all figures will be substantiated during a due diligence period. The customer base is loyal but can be greatly expanded as current owner does little 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 and the total sales for 2020 will be more than $900,000. This is with being shut down for half of march, all of April and most of May.
The Diner for Sale is located on a main East/West road that dissects Broward County. The average daily traffic count is 57,000 vehicles. The three-mile radius population 96,401 and the five mile is 307,399. The average annual household income is more than $109,000 and $93,000 in the five-mile area. The Diner occupies 5,100 square feet and seats 150 guests. The monthly rent is below market at $11,500 including all CAMS and taxes. The lease expires in 2025 and there is a five-year option attached.
We Sell Restaurants can answer all your questions on the lease!
The Diner for Sale has a 2COP (Ber and Wine) license. The seating and square footage of the restaurants qualifies for the 4COP SFS license. The 4COP license will allow you to sell liquor, beer, and wine. The restaurant already has an area that has been built in to accommodate a bar area. This would increase sales and profits. The fee for this license is only $1,800 per year. The restaurant has three dining areas. Two of which can be closed for private parties or special events. One of the private areas can hold up to 60 guests while the second can hold up to 30 guests. The restaurant hosts recurring networking events, birthday parties, baby showers, etc. on an ongoing basis.
The current menu is extensive. Breakfast, Lunch, and Dinner specials are offered. A separate catering menu is available. Breakfast features egg dishes, French Toast and Pancakes. Lunch offerings include sandwiches, salads, hamburgers and wraps, and more. Dinner items include Seafood, Pasta, Meatloaf and so much more. All recipes will transfer and the dedicated staff of twenty employees will remain to insure a smooth transition of ownership. The owner of this Diner for Sale handles the administration functions of the restaurant and will remain for training for up to two weeks at no additional cost.
The diner for sale has a fully equipped commercial kitchen that has been designed for high volume. The exhaust hood is very long and the grease trap is inground The kitchen equipment is well maintained and consists of a long flat top grill, 2 fryers, six eye and four eye burners, double stacked convection oven, two walk-in coolers, walk-in freezer, 60-quart Hobart dough mixer, and so much more.
All pertinent data and pictures of the front of house and back of house of this Diner for Sale are available once a confidentiality agreement is signed and proof of funds in the amount of $250,000 is made available
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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