Iconic Seafood and Wing Restaurant for Sale in Broward County, Florida. Excellent visibility with a freestanding building and dedicated parking lot. Gross Sales of more than $1,800,000 annually. Historical nets of more than $300,000 annually.
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 were more than $1,800,000 in 2021. Even in Covid 19 affected 2020, sales were $1,381,847. Annual seller’s discretionary earnings of $300,000 or more are typical for this iconic seafood and Wing destination. The restaurant will qualify for SBA financing. Real estate is included in the sale. The restaurant sits on a lot that measures 8,448 square feet.
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 free-standing restaurant has a dedicated parking lot. Twenty-five guests can dine inside with counter-top seating and another twenty-five can dine outside on picnic tables. The location of this restaurant for sale is truly what makes it such an amazing opportunity. The Seafood and Wing 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 fifty 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 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 options are grouper and mahi-mahi. Burgers, NY Strip steak and Chicken are also available. Homemade Clam Chowder, New England or Manhattan is offered, and homemade Key Lime Pie is for dessert. The restaurant has a 2COP license, so a full beer and wine list is offered to your guests. 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 fourteen 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 intellectual property, which includes enforceable trademark and logo, is federally and state registered. The rights to intellectual property will not transfer. The buyer will assume licensed use of intellectual property for this location only. Intellectual property may be purchased for $100,000.
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.
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